Every US state ranked by the cost of raising a child, from least to most expensive

Based on the information provided in the excerpt, here are the key points about North Carolina regarding child-rearing costs:

• Annual cost of raising a child: $22,712 (below the national average)
• Annual day care costs: $12,370
• Annual food costs: $1,925
• Health insurance premiums rank among the 10 highest in the US

Some additional key points:

• North Carolina's total annual child-rearing costs are below the national average.
• However, health insurance premiums are a significant expense for parents in the state, ranking among the top 10 highest nationwide.
• The state saw an increase of 9.1% in its annual child-rearing costs from last year's report.
• Projected child-rearing costs over 18 years rose by 15.1%.

So while North Carolina has some relatively low costs like day care and food, the high health insurance premiums are a major expense for families raising children there compared to other states. The overall annual cost is below average but increasing at a faster rate than previously.

Read the full article at Business Insider

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