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Ranked: The Most Expensive U.S. Metro Areas to Raise a Child

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Bar chart showing the 10 Most Expensive U.S. Metro Areas to Raise a Child

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The Most Expensive U.S. Metro Areas to Raise a Child

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Raising a child can be expensive, often costing hundreds of thousands of dollars from birth through to adulthood.

This graphic shows the 10 most expensive metro areas to raise a child in, among the 50 largest U.S. metropolitan areas. Costs include food, housing, childcare, healthcare, transportation, and other necessities. All figures are as of February 2024. Data is from SmartAsset.

Methodology: SmartAsset used MIT Living Wage Calculator data to compare the living costs of a household with two working adults and one child to that of a childless household with two working adults in extensive metro areas.

Boston Tops the List

Raising a child in a large U.S. metro area costs an average of $25,181 per year.

The Boston-Cambridge-Newton, MA, area is the most expensive, at $37,758 annually. Childcare costs $22,806 annually, and additional housing needs cost $5,425.

Metro areaAnnual cost (USD)ChildcareHousingFood, healthcare, transportation
Boston-Cambridge-Newton, MA37,75822,8065,4259,527
San Francisco-Oakland-Berkeley, CA35,64219,5545,92410,164
Washington, DC35,55424,8862,7627,906
San Jose-Sunnyvale-Santa Clara, CA34,41518,8675,35210,196
Hartford-East Hartford-Middletown, CT32,13519,1524,0658,918
Denver-Aurora-Lakewood, CO31,66318,2504,4158,998
San Diego-Chula Vista-Carlsbad, CA30,82914,5427,0569,231
Seattle-Tacoma-Bellevue, WA30,78117,9354,5588,288
New York-Newark-Jersey City, NY30,46317,4753,9839,005
Los Angeles-Long Beach-Anaheim, CA30,23115,0906,1978,944
U.S Average25,18113,1873,3228,672

The San Francisco-Oakland-Berkeley metro area comes in second, with an annual cost of $35,642 per child. Washington, DC, ranks third with an average cost of $35,554. Washington also leads the country in childcare costs alone at $24,886 annually.

Additional housing costs are higher in the San Diego-Chula Vista-Carlsbad area, amounting to $7,056 annually. Meanwhile, the San Jose-Sunnyvale-Santa Clara area tops the list for food, healthcare, and transportation costs.

If you enjoyed this post, be sure to check out Ranked: The Most Valuable Housing Markets in America.

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United States

The Most Expensive States to Maintain a Home

Hawaii has the highest average annual home maintenance cost at $29,015.

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This map shows the 15 most expensive states in the U.S. to maintain a single-family home.

The Most Expensive States to Maintain a Home

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Buying a house is the American dream, but maintaining that property in good shape can be challenging for homeowners.

This map shows the 15 most expensive states in the U.S. to maintain a single-family home.

Methodology: Bankrate aggregated the average costs of property taxes, homeowners insurance, and home maintenance costs (estimated at 2% per year of the value of a single-family home). Calculations also included energy, internet, and cable bills. All figures adjusted for inflation as of June 2024.

Hawaii is the Most Expensive State to Maintain a Home

The average annual cost of owning and maintaining a single-family home in the U.S. is more than $18,000 yearly, a 26% increase compared to 2020.

With an average annual cost of $29,015, Hawaii is the most expensive state to maintain a home.

California comes in second with an average annual ownership cost of $28,790, followed by Massachusetts with $26,313.

RankStateAverage annual home ownership costs, 2024Percent change, 2020 vs. 2024
1Hawaii$29.0K38%
2California$28.8K32%
3Massachusetts$26.3K28%
4New Jersey$25.6K25%
5Connecticut$23.5K24%
6Washington$23.4K32%
7New Hampshire$23.3K29%
8New York$22.8K25%
9Rhode Island$22.0K27%
10Colorado$21.0K33%
11Vermont$19.8K29%
12Maryland$19.7K23%
13Oregon$19.2K24%
14Florida$19.2K33%
15Utah$19.1K44%
U.S. Average$18.2K26%

Property taxes in New Jersey average $10,026 annually, the highest in the nation.

States with the Least Expensive Homeownership Costs

Kentucky is the least expensive place to own a home, with an average annual cost of $11,559, followed by Arkansas ($11,692) and Mississippi ($11,881).

If you enjoyed this post, be sure to check out this graphic, which shows what you need to earn to own a home in 50 American cities.

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