States Where Daycare Costs More Than A College Education

At more than $234,000, the cost of raising a child in the U.S. is higher than ever, according to a recent report by the U.S. Department of Agriculture. 

Out of families' budgets, childcare ranked as the second-largest expenditure, taking up 18 percent of their spending. It's not hard to see why. 

"Nearly half of children under the age of five in the U.S. are in some form of childcare center or family childcare home for an average of 35 hours a week," according to Good.is. "But in a period of slow economic growth, paying for this service is increasingly difficult for parents all across the country."

In some states, childcare actually costs more than a college education.

Take a look at Good's infographic to see where >  

 

  Don't Miss: 10 things your parents forgot to teach you about money > 

More From Business Insider
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    In the wake of the Washington state bridge collapse, would you support a tax hike for infrastructure projects?

    Loading...
    Poll Choice Options