New Jersey’s Shocking Child Raising Costs | Newark News

New Jersey ranks fifth most expensive state for raising a child, with families spending nearly $32,000 annually in the first five years—way above the national average of $29,325. Only Hawaii, Maryland, Massachusetts, and California cost more. The study, based on a two-earner household with one child earning median income, includes major expenses like infant daycare. Over a child’s lifetime, national costs hit over $300,000, averaging $16,857 per year—but those first five years are the real financial punch. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/13a6c37c1bc209be