According to research release in April 2018 by The Australian Institute of Family Studies1, the estimated weekly costs for low-paid families of raising two children – a 6 year-old girl and a 10 year-old boy – is $340 per week, or $170 a week per child. While at the lower unemployed standard, the weekly costs of raising two children is $280 per week, or $140 a week per child. These provide base level or “minimum standards” for costs associated with raising children.
The report showed that the most expensive budget items were housing costs, based on families paying average prices for rental accommodation in eastern metro cities, followed by food, household goods and services.
Other costs include energy bills and transport costs associated with taking children to school and other basic activities.