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How Much Does it Cost to Raise a Baby?

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Families raising a newborn in the Mile High City should plan to fork over $28,200 in their first year of parenthood—more than the cost of raising an infant in Seattle, Portland, Phoenix, Chicago, or Houston. Denver is the 12th most expensive city to raise a newborn, according to a new report by the real estate company Redfin. In fact, four Colorado cities—Denver, Boulder, Fort Collins, and Greeley—were among the top 40 most expensive cities for young ones. (Only California had more cities in the top 40.) The rankings were based on a combination of housing costs, childcare costs, healthcare expenses, the price of baby supplies, and energy costs. San Jose was the most expensive city to raise a baby at $41,600. Here, a look at the first-year cost of raising a newborn in Denver, Boulder, Fort Collins, and Greeley, according to the report.

12. Denver

Total: $28,200

Housing: $7,700

Childcare: $11,400

Baby Items: $5,600

Healthcare: $3,000

Energy: $500

14. Boulder

Total: $27,300

Housing: $8,400

Childcare: $9,800

Baby Items: $5,600

Healthcare: $3,000

Energy: $500

23. Fort Collins

Total: $24,400

Housing: $5,500

Childcare: $9,900

Baby Items: $5,600

Healthcare: $3,000

Energy: $500

26. Greeley

Total: $23,300

Housing: $3,800

Childcare: $10,500

Baby Items: $5,600

Healthcare: $3,000

Energy: $500

Image courtesy of Shutterstock

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