Estimate the cost of raising a baby in the first year. Plan for diapers, formula, gear, childcare, and medical expenses.
$24,864
$1,672/month avg · $20,064/yr recurring
One-Time Costs
Baby Gear (Nursery, Stroller, etc.)
$1,500Maternity Wear
$300Hospital/Birth Costs
$3,000Estimates are based on average costs and may vary significantly based on location, lifestyle, and individual circumstances.
Childcare is typically the largest expense in the first year, followed by diapers and feeding supplies. The cost varies significantly by country and region. Many families also face unexpected medical costs and the one-time expense of setting up a nursery.
Consider buying second-hand gear, using cloth diapers, breastfeeding when possible, and exploring family care options to reduce costs. Many communities also have parent groups for sharing and trading baby items.
Start budgeting before the baby arrives. Build an emergency fund of 3-6 months of expenses, review your health insurance coverage, and consider opening a 529 plan or education savings account for future education costs.
This baby budget calculator helps you estimate the cost of raising a baby during the first year. From diapers and formula to childcare and nursery setup, get a clear picture of your expected expenses based on your location and lifestyle choices.