The first years of your new baby’s life can get incredibly expensive. Our first year Baby Cost Calculator helps you build a budget for your new baby by estimating both ongoing and one-time expenses.

Our calculator takes a look at just about everything you’ll need to consider and plan for with your new baby. We’ll cover baby expenses associated with the following categories:

  • Delivery Cost: Delivering the baby at a hospital or in a home setting.
  • Ongoing Costs: Caring for the baby’s daily or reoccurring needs such as diapers and feeding.
  • One-Time Costs: Necessary baby gear for everyday life such as cribs, bottles, bathtubs, and strollers.

We’ll guide you through each of these sections to help you figure out the estimated cost of having a baby. Once you’re done providing your inputs, we’ll create a new Baby Budget for your little one and give you the option to email a copy to yourself!

Our mission is to help future and new parents be financially ready for the first year of your baby’s life.

Frequently Asked Questions

How much does it cost to have a baby?

The total cost to have a baby will depend on many factors including delivery method (vaginal or C-section), delivery complications, health insurance coverage, and prenatal or postpartum care. Based on claim data from FAIR Health, the average cost with insurance for vaginal delivery is around $7,700 ($13,702 without insurance) and C-section delivery is roughly $11,230 ($18,668 without insurance).

What is the average monthly cost for a baby?

The average monthly cost for a baby will fall between $1,000 and $2,000 per month. This will vary by family depending on a number of factors including the number of diapers the baby goes through, the volume of formula they consume, childcare expenses, increased health insurance cost, college savings (529) investment, baby gear purchases, and other recurring costs.

How much does it cost to have a baby in the first year?

It will cost about $12,000 to have a baby in the first year alone. This doesn’t include baby delivery costs ($7,700 to $11,230 with insurance), childcare expenses ($300 to $1,400 per month), or health insurance coverage for your baby ($100 to $450 per month).

What should I do to prepare financially for having a baby?

1. Create a new budget that accounts for all one-time and ongoing baby costs.
2. Create a savings plan (and possibly separate account) to cover the costs for having a baby.
3. Check with your insurance to determine steps and deadlines to add them to your health plan after birth.
4. Create baby registries with your preferred stores since family will want to buy items early.
5. Start a 529 college savings account to begin investing in their future.
6. Determine what baby gear you will purchase new or what you can borrow from family and friends.