The Most and Least Expensive States for Raising a Family

What's Hot

2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

The most expensive state in which to raise a child has a notoriously high overall cost of living. Find out more.

Hawaii is the most expensive state in which to raise a child, according to a state-by-state analysis of child-rearing costs by GOBankingRates.

The website says Hawaii ranks at the top due to its notoriously high cost of living. It has the highest food and housing costs of any state, and the sixth-highest child care costs.

GOBankingRates’ analysis scored each state for five factors based on data from federal agencies and nongovernmental organizations:

  • Median income
  • State family leave policies
  • Food costs
  • Housing costs
  • Child care costs

Nationwide, the estimated cost of raising a child to age 18 is $245,304 — before accounting for projected inflation, according to federal data.

That’s specifically how much it would cost a middle-income family to cover 18 years of food, housing, child care, education and other child-rearing expenses for a child born in 2013. The figure can vary by more than $90,000, however, depending on where a family lives.

The 10 most expensive states for families, according to GOBankingRates’ analysis, are:

  1. Hawaii
  2. New York
  3. New Mexico
  4. Montana
  5. Alaska
  6. Nevada
  7. Massachusetts
  8. Oregon
  9. Connecticut
  10. Florida

At the other end of the spectrum, GOBankingRates determined that Tennessee is the cheapest state in which to raise a family.

The state has the second-lowest child care costs of any state — $5,857 a year, which is 63 percent of the national median cost for full-time infant care.

Food and housing are also cheap. Residents pay about $200 less per month than the national median cost for rent, and the state’s median home listing price is $30,000 below the national median.

The 10 least expensive states are:

  1. Tennessee
  2. Utah
  3. California
  4. Virginia
  5. Idaho
  6. Iowa
  7. South Dakota
  8. Missouri
  9. Nebraska
  10. New Jersey

What’s your take on the cost of raising a family these days? Share your thoughts below or on Facebook.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 5 Affordable Things to Do on the Big Island of Hawaii

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,090 more deals!