There are only four major producers of baby formula in the United States and one of them, Abbott Laboratories, accounts for a little more than 40% of the supply. Some types may be vastly healthier than others. Daily Amount of Baby Formula Required in Ouncesīut price shouldn’t be the only factor you’re weighing when it comes to choosing the right baby formula for your child. To give you a better picture of how the cost of baby formula will fluctuate over time, the table below from Bonyata breaks down the recommended ounces of milk a baby should consume throughout her first year, from minimum to maximum. Of course, your baby would likely need more baby formula in the middle of the first year of life as she grows before gradually cutting back as she starts eating more solid food. But now that you know what to expect, you can calculate your budget to account for the cost of baby formula. Now, whether the infant formula you purchase is worth the cost depends on your individual situation and preferences. If you’re buying from a milk bank, of which there are about 30 in the U.S., expect to pay about $6,000 per month.

Based on the above calculations, your monthly cost is going to range from about $411 to about $874. 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. Here’s how we calculated the cost of baby formula per year. If your baby currently consumes 25 ounces of milk per day, you can expect to spend between $821.25 and $2,920 in your baby’s first year – depending on the brand you choose. The higher-end brands will run you around around $1.15 cents per ounce or more. Based on our research, you can expect to pay 54 cents per ounce for the cheaper brands. Certified breastfeeding specialist Kelly Bonyata estimates babies consume an average of 25 ounces of milk per day during their first year.Ĭalculating the cost of baby formula will also require you to find out how much your preferred brand costs per ounce. To understand the real cost of baby formula, the first step is to estimate how much milk your baby will need.

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