Connecticut
Connecticut ranks among most expensive states for raising children
ROCKY HILL, Conn. (WFSB) – Connecticut ranked as the fifth most expensive state for stay-at-home parents, according to a recent Smart Asset study that examined the costs of keeping one parent at home.
The study found that families need an annual income of at least $90,000 for one parent to stay home.
It costs about $40,000 a year to raise a child in Connecticut.
Many families are finding ways to lower costs, including seeking free activities like going to parks or taking more drastic measures like keeping one parent at home instead of paying for child care.
In nearby Massachusetts, families need an income of $97,000 for one parent to stay home. Hawaii ranked as the most expensive state, where the income earner needs to be making nearly $103,000 a year to support a family.
The study looked at how much it costs to keep one parent at home across different states, with Connecticut ranking among the most expensive in the country.
Tap here for a poll on whether the estimated cost of raising a child in Connecticut is correct.
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