Raising three children sets the average American family back $54,000 a year - with costs rising upwards of $90,000 in the most expensive places in the country.But the third child costs parents about 20 percent less than the first, according to analysis by fintech company SmartAsset.Typically, the price of childcare, housing, food, medical costs and transportation are the highest for the first born, with an annual average of $20,814 nationwide. This drops to $17,413 a year for the second child before falling even further to $16,513 for the third.
Load More
Load More