While you can’t put a price on the value of raising wonderful children, you can put a price on how much you are willing to put towards a car when kids are involved in the financial equation. Everyone knows that kids and cars are expensive. For an American middle-class family, having just one kid costs an average of $16,175 each year until they turn 18, not including the cost of college.
With cars, it is the costs of gas and insurance that often push the price up. So which costs more in Tennessee? A baby or Corolla? This infographic shows five years at-a-glance comparison between a baby raising and owning a Toyota Corolla. Read the full infographic if you want to know which is less expensive.
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