It costs nearly $300,000 to raise a child in the US. Here's the annual cost in every state.

• A LendingTree study looked at the average annual cost of raising a small child in each US state. • Hawaii was ranked the most expensive state to raise a child in 2025. • On average, parents in the US spend 22.6% of their income on child-rearing costs each year.

In today's economy, luxuries like buying a mega-mansion, a sports car, or a Birkin bag might be cheaper than raising a child.

In step with rising food and housing costs, parents across America are facing the financial challenges associated with having a child.

A LendingTree study, which was released in March, found that it costs US parents an average of $297,674 to raise a child over 18 years, and they spend an average of 22.6% of their income on child-rearing costs each year.

While the costs vary by state, one factor rema