NYC parents lay bare the nearly six-figure cost of raising children in the city
Parents in New York City say the actual cost of raising children far exceeds the $15,447 annual estimate cited in a recent LendingTree study, with many spending between $19,000 and $100,000 per year due to expenses like childcare, education, and healthcare. Families across the five boroughs highlight how housing, extracurriculars, medical costs, and after-school programs significantly increase their financial burden. While some families qualify for subsidies or use cost-saving measures like thrift shopping, many still face steep and rising expenses.
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Parenting exclusive NYC parents lay bare the nearly six-figure cost of raising children in the city By Marie Pohl Published April 30, 2026, 7:00 a.m. ET Parents in New York City rolled their eyes at a recent survey that claimed it costs $15,447 a year to raise a child in the state, calculated over the course of 18 years. But families across the five boroughs told The Post that their annual bills far eclipse that, ranging from $19,000 to a shocking $100,000 per child. The LendingTree study, published April 6, found that parents pay more than $300,000 to raise a child in the US over the course of 18 years. New York State was ranked at No.15 in the country with a total cost of $278,051 per child. That boils down to an average of $15,447 a year.
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