Infant formula -- such as Similac, Gerber, Enfamiland Earth's Best -- costs an average of $1,200-$1,500 for a baby's first year, according to the U.S. Surgeon General. It's that kind of outlay that has fueled sales of formula, now a $2.3 billion industry in the U.S., according to market research firm IBISWorld.
How much is baby formula monthly?
If you want to figure out the cost of baby formula per month, simply take the price of baby formula you calculated for a year and divide by 12. Based on the above calculations, your monthly cost is going to range from about $68 to about $243.May 7, 2019
How much does it cost to feed a newborn formula?
Parents should expect to spend between $1,200-$2,000 if exclusively formula feeding during their baby's first year. Speciality formulas, such as those that contain hydrolyzed proteins, may cost even more.
Is formula more expensive than breastfeeding?
While it's nearly impossible to pinpoint which costs more when comparing direct vs. indirect, when looking at direct costs alone, breastfeeding is the cheaper option. That said, some people decide the monthly expense of formula is well worth it.
How much does formula cost for a baby?
The cost of baby formula across popular brands can average between $1,200 and $1,500 during a baby's first year, according to the U.S. Surgeon General. But it's possible to save on baby formula without having to switch to generic and sacrifice the health of your child.May 7, 2019
How much does it cost for formula per month?
Typical cost of a month's supply of formula: $174.38.