Affordable Housing, Community Development, Reports and Publications

USDA Report Finds Highest Family Expense is Housing

United States Department of Agriculture (USDA)

According to a report released by the Department of Agriculture, housing accounts for the largest share of child-rearing costs regardless of income. Housing accounts for a quarter (26%) of child-rearing expenses for high-income married households and a third (33%) for low-income married households.

When the analysis is limited to middle-income, married-couples, housing represented about 30% of a family’s budget. Food (18%) was the second highest expense, followed by child care/education (16%), transportation (15%), and health care (9%).

Parents in the urban Northeast spend the most to raise their children. This is largely a result of the high cost of housing, child care, and education expenses. The report found that rural households spend 24% less than their urban Northeast counterparts.

Click here to read more. 



Filter News By