Raising a child in Georgia costs $20,480 annually

Raising a child can be costly. A recent study by SmartAsset looked at how much it costs in different states. The average annual cost in the U.S. is about $22,850. Georgia is among the more affordable states. It ranked No. 37 for the cost of raising a child. In Georgia, the average yearly cost is $20,480, which is lower than the national median. The study used data from the MIT Living Wage Calculator. It focused on families with two working adults and one child. Overall, parents in Georgia may find it a bit easier on their wallets compared to many other states.