The Most and Least Expensive Places to Raise a Child in Colorado
If you have children or plan to have kids in Colorado soon, you probably already know that children can be expensive. Buy how expensive they can be in Colorado?
Factoring in the costs of childcare, food, and many other elements, you might need a full-time job just to pay for those bills that having a child can bring. According to SmartAsset.com, raising a child in the United States can cost more than $30,000 per year.
How Much Does it Cost to Raise a Child in Colorado?
There are still affordable places to raise a family in the state of Colorado and there are obviously more expensive places in the state as well. Boulder, Colorado is one of the most expensive places in the United States to raise a child and SmartAsset has ranked Boulder as the eleventh most expensive place in the nation.
Boulder, Colorado is One of the Most Expensive Places to Raise a Child
The annual average cost of raising a child in Boulder, Colorado averages $29,544. SmartAsset used childcare, food, and housing as their factors. Here is the breakdown for Boulder, Colorado.
- Childcare - Average annual cost for childcare in Boulder, Colorado is $14,914.
- Food - Average annual food cost for a child in Boulder, Colorado is $2,111.
- Housing - Average annual housing cost for a child in Boulder, Colorado is $5,568.
Denver ranked at 23rd on the list of most expensive places to raise a child with an average annual cost of $26,838. Fort Collins came in 32nd with an average annual cost of raising a child at $25,185. Greeley ranked 43rd with an average annual cost of raising a child at $24,406.
Affordable Places to Raise a Child in Colorado
Although Grand Junction, Colorado still ranks relatively high at 63, the average annual cost of raising a child is only $23,212, which is more than $6,000 less than Boulder, Colorado.
The lowest location for the cost of living when it comes to raising a child was Pueblo, Colorado. The average annual cost to raise a child in Pueblo, Colorado is $21,283. Pueblo, Colorado ranked 136th on SmartAsset's list.