First Year Baby Costs Calculator + Free Baby Budget Template

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How much does it cost to have a baby?

Here’s how much you’ll spend on formula, diapers, childcare, healthcare, and other big baby costs.

The answer depends on many factors, including where you live, whether you’ll pay for childcare, and which baby products you choose. Still, our comprehensive Baby Costs Calculator can help you get a sense of how much you’re likely to spend during your baby’s first year. We have carefully included all the categories and baby expenses list that cover all the list of child expenses for the first year.

Tick the boxes and fill in or change the suggested average amounts to personalize the results for you. You can toggle between USD or PKR to calculate cost of baby first year that includes ongoing costs, additional costs and one-time costs. If you want to work out the Monthly cost of baby first year, you can edit the months and create your personal spending plan for the first year or month accordingly.

Raising a baby isn’t cheap! Check out our Baby Budget Calculator to see how it all adds up over the first year.

Our Methodology

We started with the major ongoing baby expenses list parents face in the first year – such as childcare, feeding, nappies, savings, and clothing – and researched costs for each.

We’ve included list of child expenses that we think serve as the essentials for the first year. There’s so much planning to do when baby is on the way. There are names to pick out, a room to decorate and, of course, a budget to make. But average cost of a baby per month or per year goes beyond stocking the nursery.

Plenty of other ongoing costs can add up quickly, like childcare, health insurance and starting a college savings plan. That’s why we created this handy baby costs calculator with a complete list of child expenses to help you estimate your added expenses for baby’s first year. Keep in mind, a lot will vary depending on where you live, but filling in the categories below will give you a good place to start and an expected figure that enlightening you how much will you spend in Baby’s First Year.

For other ongoing expenses, like diapers, formula, nappies, clothes, and toiletries, you can enter your average cost and find the first year total cost with or without daycare. For example, you can uncheck “I’ll use an occasional babysitter” to calculate “How much does a baby cost per month without daycare”. Without day care you can expect something $200-$400 per month and $2000 average if you pay for daycare.

To find out average cost of diapers and wipes per month you can use an average based on the brands you love or plan to use. Your baby needs between 8 to 12 diapers each day, possibly more in the early weeks.

The American Academy of Pediatrics shares that families may spend close to $936 on disposable diapers in the first year (about $18 per week). So, figure out average price of diapers and wipes per month. Newborns use the most diapers, around 8-12 per day, with the total monthly cost tending to decrease over time as the child ages and approaches potty training.

For one-time costs like baby gear and nursery items, we used our editors’ expertise to create a list of commonly purchased items for a baby’s first year. We selected a representative product within each category that we know is popular among the community. We then averaged the price of each item at three major retailers to get our final cost.