The website GoBankingRates.com issued this press release Monday. Let us know what you think in the comments at the end of this story.
The personal finance website compiled data on the average costs of housing, health care, groceries, kids’ clothing and baby apparel for a family of three in every state. The study (which you can see here) also includes the costs of child care, childbirth, and in-state public tuition.
Alabama is the third cheapest state to raise a child to 18. Here’s what we found:
Annual Costs in Alabama:
Day care (infant): $5,858
Day care (4-year-old): $5,061
Health care: $4,860
Apparel costs for boys, ages 2 to 15: $110
Apparel costs for girls, ages 2 to 15: $136
GOBankingRates.com is a money lifestyle website dedicated to helping visitors Live Richer™. From tips on saving money to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, Yahoo!, AOL, Business Insider, CNBC, USA Today and dozens of others.
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