Expecting Parents-BEWARE- That Little Bundle Will Cost You Over $200,000!

That little cute bundle of joy will cost you!  The good news is that a new born in the Midwest will cost you a little less according to USA Today report from the Agriculture Report issued today.

According to the report-

A middle-income family with a child born in 2013 can expect to spend about $245,340 for food, shelter and other expenses up to age 18, an increase of 1.8% from 2012, the Agriculture Department said Monday.

The report, issued annually by the USDA since 1960, found housing was the single-biggest expense, averaging about $73,600 or 30% of the total cost of raising a child, followed by child care/education at 18%.

The remainder went to food, transportation, health care, clothing and miscellaneous expenses during the same period.

The report breaks down the cost of raising a child by region- The report found geographic variations in the cost of raising a child. They were the highest in the urban Northeast at $282,480, followed by the urban West at $261,330 and the urban Midwest at $240,570, which includes Iowa and South Dakota.

The report also indicated that the less a families income is, the less they will spend. A family earning less than $61,530 can expect to spend $176,550 on a child and the more children in a house, the less per child you can expect to spend.

(source USA Today.com)