Michigan Is The 7th Most Expensive State To Raise A Child

A new survey by opploans.com determined the average amount of parents spend on their children each year.  They surveyed more than a 1,000 parents from all 50 states and Michigan landed pretty high on that list.

On average, Michigan parent's spent $13,303 on their children each year.  That makes Michigan the 7th most expensive state to raise a child.  Parents in Washington DC spend the most money with an average of $17,920.50 spent on each kid, and that state where parents spend the least is Montana at only $2,000 per year.

The survey also broke down how much different types of parents spend, and it discovered some interesting statistics:

• Single Fathers spend more ($11,998) than single Mothers ($8,781) on their kids
• Divorced parents spend more ($9,232) than married parents ($8,368) on their kids
• Younger parents, between the ages of 18 and 34 spend more on their kids than older parents

You can read more about the survey and find the averages of all of the states at opploans.com.