Raising a child in the Tri-State Area comes with a hefty price tag. According to a new report, the cost of raising a child from birth to age 17 in New York and New Jersey is staggering. The estimated total cost for a child born in 2022 is over $1.2 million in New York and over $1.1 million in New Jersey, with expenses ranging from housing and food to education and healthcare. The report highlights the significant financial burden that families in the region face as they navigate the challenges of raising their children, and raises questions about the long-term economic implications for families and the community at large.
It costs this much to raise a child in New York and New Jersey FOX 5 New York
