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New Jersey is the 13th most expensive state to raise a child. How much is it?

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New Jersey is the 13th most expensive state to raise a child.  How much is it?

We all know that children are expensive. But how expensive?

According to a new SmartAsset study, the annual cost to raise a child in New Jersey is $26,870. That includes $13,674 for child care, $4,054 for additional housing and $2,068 for food. The total cost also includes medical care, transportation, and other supplies.

SmartAsset, a financial service, aggregated the costs, assuming two working parents and one child, for its study of the costs of raising children in the United States. It used data from the MIT Living Wage Calculator to compare the costs of a household with two working adults and one child to a childless household with two working adults.

The company found that the average cost was $22,850, but some states cost twice as much as others.

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The most expensive state was Massachusetts, with an annual cost of $35,841, while the least expensive was Mississippi, whose annual cost was $16,151.

New Jersey came in as the 13th most expensive in America.

Top 10 Most Expensive States to Raise a Child

  1. Massachusetts: $35,841

  2. Hawaii: $35,049

  3. Connecticut: $32,803

  4. Colorado: $30,425

  5. New York: $30,247

  6. California: $29,468

  7. New Hampshire: $27,849

  8. Washington: $27,806

  9. Rhode Island: $27,630

  10. Minnesota: $27,406

This article originally appeared on Asbury Park Press: Cost of raising a child in New Jersey calculated in SmartAsset study

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