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flag A new study shows wide state-by-state variation in the income needed for a parent to stay home, with Hawaii highest at $102,773 and West Virginia lowest at $68,099.

flag A new SmartAsset study finds the income needed for one parent to stay home raising a child varies widely by state, with Hawaii requiring $102,773, followed by California at $97,656 and Massachusetts at $97,261. flag The lowest thresholds are in West Virginia, Arkansas, Mississippi, Kentucky, and North Dakota, ranging from $68,099 to $70,949. flag For two working parents, the annual cost of raising a child is highest in Massachusetts at $44,221, while the lowest is in South Dakota at $26,624. flag The analysis underscores major regional differences in the financial tradeoffs families face when choosing between one or two working parents.

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