New babies are cute but they sure do cost a lot.

New babies are cute but they sure do cost a lot.

Of course you should have a another child! Babies are cuddly and they smell good after baths.

But if you’re determined to make your decision based on economics – not emotions – you probably already know more kids cost more money. How much? Well, not that much more. The real leap in expenses comes from having a second child. It nearly doubles and you’re spending over $27,000 a year. The third? Ah, that’s just a little more supermarket shopping.

That’s because the biggest cost to raising kids is housing. Once you have a place to live, you can pack it with as many people as you want. Then again, those people will need to eat, go to school, see a doctor, and watch movies. Here’s a little about what it will run you. Totals are at the bottom.

Heading to the supermarket?

When it comes to buying cereal, here’s how much an average family spends a year: one kid, $218; two kids, $270; and three kids, $347. Basically, three kids costs $129 more than one kid on cereal, says the Bureau of Labor Statistics.

Saying “eat your vegetables” is a big part of parenting. When it comes to buying fresh fruits and vegetables, families with one kid spend $844 a year, with two kids, $1043 a year, and with three kids spend $1116 a year. Being a good parent of three kids costs you $272 more than being a good parent of one child, according to numbers from BLS. 

Want to know where you’ll SPEND LESS?

Careful, it’s sad.

Couples with no kids spend $606 a year on alcoholic beverages. Couples with three kids spend about half that — $315 a year on beer, wine and spirits. (Couples with one and two kids are in the middle, spending  about $425 a year on alcohol.) You’ll also spend a little less on cars because let’s face it, why buy another vehicle to litter with granola bar wrappers? Families with three kids also spend about $300 less each year on hotels.

But don’t worry, there are other things to buy. You’re going to spend about $700 more on clothes, $60 more on more on laundry detergent, $1499 on housing, $190 on telephone service, $150 more on water and other public services. The families spending the most on education each year have two kids – $2124.

When you total it up – food, shelter, medical care, housing, entertainment – you’ll spend $15,890 a year for one kid, $27,410 for two and $32,449 for three. Raising three kids, by the time they go to college, will cost about $585,000. And that price doesn’t include college. So remember, when reading the table below, that cuddly, good-smelling stuff we mentioned atop the page.

Families earning between $60,000 and $105,000 spend the below amounts each year on their kids. 

One Kid:                                            Two Kids, ages:                                                Three Kids, ages:
Age 2  —- $15,890                         2 & 16 —– $27,410                                     2, 13 & 16 ——$32,440
 Age 5 —   $15,900                         5 & 16—– $27,420                                      5, 13 & 16 ——$32,450
Age 8 —- $15,750                          8 & 16 —–$27,300                                     8, 13 & 16……..$32,350
 Age 11 —  $16,810                        11 & 16 —–$28,150                                     11, 13 & 16……$33,020
Age 14 —  $17,730                         14 & 16 —$28,880                                    12, 13, & 16…….$33,590
Age 17 — $18,380                         15 & 16 —-$29,400
SOURCE: United States Department of Agriculture, Expenditures on Children By Families