Cost of Raising A Child In Oklahoma — Can You Afford It?
If you live in Lawton, you'll spend $165,660 to raise your kid in town from birth to age 18.
If you live in a small town of less than 2,500 people, you'll save about $20,000 raising your kid.
Why is it so expensive to be a parent? Because it is.
The chart breaks it down for you. In fact, without kids you could take a European vacation every year with the $8,890 you will save on housing, education, heath care, transportation and food.
If you are wondering, the cost above is if you don't pay for any college at all. Add in a college education for another $50,000 - $100,000 per child.
The cost of raising your child also varies with the amount of money you make. Check out the Cost Calculator from BabyCenter.com.
But, if you think it is expensive in Oklahoma, you should be happy you live here and not in the north eastern part of the country. From Pennsylvania north, it's over $212,000 to get a kid from birth to out of your house.
Oklahoma is, in fact, one of the least expensive places to raise a child. Our region beats the west and the midwest by over $30,000 over the life of a child.
Should financial consideration be a determining factor for your decision to have another child? Probably a small part but if you're on the fence about when and where to expand your family, you couldn't pick a better place.
All costs are in 2013 dollars.
NOTE: These figures are averages drawn from the U.S. Department of Agriculture's 2013 Annual Report "Expenditures on Children by Families." (PDF) College costs assume four years of college, and are averages drawn from the report "Trends in College Pricing: 2013," (PDF) compiled by The College Board. Annual costs are averaged and adjusted for inflation. Your actual costs may vary.