Oklahoma ranked 9th in the nation for the annual cost of raising a child, making it one of the more affordable states in the United States. The estimated annual cost to raise a child in Oklahoma is $19,535, according to data compiled by Visual Capitalist. This places the state at 42nd on the list, since the article rankings are listed from most to least expensive.
On average, U.S. families with two working parents spend about $23,000 annually to raise one child. Using data compiled by SmartAsset as of February 2024, Visual Capitalist compares the living costs of a two-working-adult household with one child to a two-working-adult household without children, factoring in expenses like food, housing, childcare, healthcare and transportation.
Among the states, Massachusetts has the highest cost, with an estimated $35,841 per year to raise a child. Mississippi is the least expensive, with an annual cost of $16,151. Only 8 states have lower costs than Oklahoma, including Tennessee, Kansas, South Dakota, Alabama, Kentucky, Louisiana, Arkansas and Mississippi…