We then averaged the retail market price of each item at three major retailers during the week of Augto get our final cost. We selected a representative product within each category that we know is popular among the Bab圜enter Community (many are even Best of Bab圜enter award winners). We left that number at $0 in our calculator so that you can adjust it to align with your expected healthcare premiums and copays.įor one-time costs like baby gear and nursery items, we utilized our editors' expertise to create a list of commonly purchased items for a baby's first year. Though healthcare costs are a significant part of many families' budgets, they vary so widely that we weren't able to include an accurate average cost. The survey was conducted by our parent company, Everyday Health Group Pregnancy & Parenting, between August 8 and 21, 2022.įor other ongoing expenses, like formula, diapers, clothes, and toiletries, we calculated how much parents would need of each item in the first year and priced the costs out, using an average based on the most popular brands among Bab圜enter parents. To estimate the cost of childcare, we relied on the results of a survey of 307 parents who utilize paid childcare (full-time or part-time care). We started with the major ongoing expenses parents face in the first year - such as childcare, feeding, diapering, savings, and clothing - and researched costs for each.
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