South Carolina A Good Choice To Raise A Child Monetarily According To New List
Most of us are looking to save money in one way or another. Everything is so expensive, especially housing. The personal finance website SmartAsset used data from MIT’s Living Wage Calculator to find that in the U.S., it costs over $30,000 to raise a child. The site looked at hundreds of areas in the country to find which are the most expensive and which are the least expensive.
Not a big shocker, California has numerous cities/areas on the most expensive list. Just living in California is crazy expensive! Also on the expensive list were Boston, Barnstable, MA, and Ann Arbor, MI.
On the other side, numerous cities in South Carolina made the least expensive list. Columbia, SC was one of the cities and I lived there for about 8 years. One of the hottest places you’ll ever go, but I liked Columbia! Sumter, SC was also on the list and it’s close to Columbia, SC. Also Florence, SC, Hilton Head Island/Bluffton, SC and Spartanburg, SC made the list.
The study didn’t just give a list of places, it gave you monetary stats on things like the cost of child care, housing, healthcare, and more. You can see the actual breakdown of each expensive and least expensive place here. If you’re planning a family, this may help you choose where to live.
By understanding what costs to expect for a child’s needs, parents can better plan for their family’s financial future.
— SmartAsset (@smartasset) May 19, 2023
With this in mind, SmartAsset set out to calculate the cost of raising a child across the U.S., considering the costs of food, housing, childcare, healthcare,…