Tuesday, June 15, 2010

USDA Releases 2009 Estimate of Cost of Raising Children: Monthly Housing Cost Per Child is $153-$297 Depending on Location and Family Composition.

Report is HERE: PDF pages 14-15 are a discussion of method of estimating housing costs; tables are found in PDF pages 32 to 38. 

I created the table below to show the differing housing expenses based on location and family composition. 

I added a column that shows the % of average income per child for housing expense, it varies from a high of 11% for US single parent household to a low of 5% for a Husband/Wife family in the rural US.

Observations:
  1. There is BIG difference in average income between single parent and husband wife households
  2. Housing expense per child in the URBAN West for a husband wife family are the highest at $297 per month-that's 95% HIGHER than the husband wife, RURAL all US per child monthly housing expense of $153.


HH Type, Location Housing Expense MONTHLY Housing Expense Income Group Average income CALCULATED: Housing Expense/ Average Income Table
Single Head of Household, 
ALL US
 $  2,810  $           234  $  56,670  $  25,130 11% 7
Husband, Wife, ALL US  $  2,961  $           247  $  56,670  $  36,250 8% 1
Husband, Wife, URBAN West  $  3,560  $           297  $  56,650  $  36,230 10% 3
Husband, Wife, RURAL ALL US  $  1,830  $           153  $  56,880  $  36,380 5% 6

Originally created and posted on the Oregon Housing Blog.

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