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flag U.S. child-rearing costs average $27,000 annually for children under 5, with major regional differences.

flag A new SmartAsset report reveals the average annual cost of raising a child under 5 in the U.S. is $27,000, a 4.5% increase from last year, with expenses including food, health care, child care, and transportation. flag Massachusetts leads at $44,000, followed by Connecticut and Vermont, which saw the largest year-over-year rise at 25.3%. flag Mississippi has the lowest cost, just under $20,000, despite a 10% increase. flag Some states, including Hawaii, Delaware, Iowa, and Michigan, reported significant declines. flag The data underscores wide regional variation in child-rearing costs.

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