Deseret Digital Media NewsOK publishes content from Deseret Digital Media, which has a network of websites that includes KSL.com, DeseretNews.com and FamilyShare.com.
Finding a discount or deal on having kids isn’t going to come anytime soon.
The average cost of raising a child has been on the rise in the last few years, reaching a new average of $245,000, according to the U.S. Department of Agriculture. The Northeast pays the most of any region for their kids at an average $282,480, the USDA found.
That’s a lot of dough being dished out to take care of kids. Even though some families, especially those in low-income areas, are going to spend closer to $150,000 on their kids, the USDA reported, these averages don’t count the cost of college — which has its own average cost ranging from $22,000 to $45,000 a year, according to College Data.
The $245,000 price tag may only seem like a string of numbers upon first glance, but it's so much more.
Here’s a look at what else you can buy for the same amount it costs to raise a child:
You could see 30,779 films at the movie theater.
After an up climb in price, the average cost of a movie ticket lowered to $7.96 earlier this year, according to the National Association of Theater Owners. That means you could see more than 30,000 movies, especially if you split your time between the big blockbuster/date night films and the midday matinees. To put that in perspective, Americans only saw about 21,000 movies combined in 2012, the Motion Picture Association of America reported.
You could drink 177,536 cups of coffee.
The average cup of coffee — without espresso or fancy flavors — costs $1.38, according to Statistic Brain, an online research and statistics organization. That means you could buy 177,536 cups of coffee and still have a little change left over to offer your overworked barista a tip.
You could buy the latest Bentley.
Want that shiny new Bentley? That’ll cost you between $206,300 and $250,100, according to Autobytel, an online car research company. That would leave you with some leftover cash to spend on the extra added costs of a luxury car.
Continue reading this story on the...