I tell you how much to raise a child from born to 18 yrs-old in Palo Alto, Cupertino or Saratoga:
Based on USDA data, average food and nutrition cost to raise a child to 18 yrs-old is about $250K (no private schooling and private programs).
Average parent spent at at least $1500/month for private tutoring from Grade 6 through Grade 11. So total is: $108K.
Average patent spent about $50K for computers, game devices, play devices and other devices through 18 yrs-old.
Average parent spent about $50K for vacations and travels through 18 yrs-old.
Average parent spent about $20K for visions, dentals, etc through 18 yrs-old.
So,
for public schooling through 18 yrs-old, each child costs about $478K.
for private schooling through 18 yrs-old, each child costs about $650K ~ $700K.
Normally each family has two kids, so total cost is about $1M (for K-12 only, not including college).
Salute to all the great parents!!
