Schooling is expensive - whether you opt for a public, private, or religious-based education institution - and new data proves it.
New research from Futurity Investment Group has calculated the average cost of putting a child through public school from Kindergarten to Year 12 in a major city.
The cost is more than $92,000 for a child starting their education at a government school in 2024. Yes. You read that right. $92,000 for public schooling.
As for regional and remote areas, the figure stands at $80,303 for 2024 too.
This data not only takes into account standard tuition fees, but also a host of other major school expenses - approximations of school camps, transport, uniforms, electronic devices, sports equipment and more.
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Now of course, these calculations take into account a full 13 years of education. But even divided per year, it leaves parents with thousands to pay for their child's government school education experience.
Compared to the metro $92,000 figure calculated in 2024, this is up by a decent proportion from 2023, which was estimated at $87,528, also for major cities. The experts say this number is likely to keep steadily rising, despite wage growth remaining quite stagnate across the country.