As much as we love them, children are notoriously time-consuming, sleep-depriving and, above all, expensive. Queensland is also one of the most costly places in Australia to raise kids, according to Brisbane Times – on average, over $600 is spent by Queensland families monthly on children's food, education and and housing.
Queensland is one of the most costly places in Australia to raise kids.
Though the amount of money parents pay for kids varies substantially from home to home, the amount is increasing every year and can be even greater in the case of a divorce or separation. Here is some more information about what costs you can expect when raising a family.
Price of raising kids
Some of the primary costs of having children come in the form of food, transportation, clothing, housing and child care, according to the National Center for Social and Economic Modelling's 2013 report. A typical set of middle-income Australian parents with two children spend, on average, $812,000 dollars on their kids, from birth to age 18.
A common misconception is that children are the most expensive when they're young and in need of constant childcare, new clothes and nappies – in reality, kids become more and more pricey as they grow older. Tweens and teenagers tend to be the most expensive age groups, according to SunCorp Bank, averaging at $1,630 and $1,290 per month respectively. Why? Partially because growing young adults need a lot more food than babies, as you can see in the photo below.
How does this affect child support?
As you can see, raising a child in Queensland is expensive, and doing so on your own is exponentially more difficult. Many parents working through separation agreements are asking the question, "what does child support account for, and how can I ensure my child is taken care of?"
When you are going through a divorce, the government will evaluate your income and your ex-partner's income – as well as the level of care you're currently providing for your kids – in order to decide who needs to provide child support. These costs will differ in every situation, which is why it is important to seek advice from a representative who will be able to tell you more based on your specific case.
If you have questions or concerns about providing for your child after a divorce, consider seeking advice from a Cairns family law specialist – our team at WGC would be happy to help you ensure the financial security of your family.