CNN reports that the cost of raising one child to age 21 in the UK is $323,000. In London specifically, that number increases to $354,000. With three children, that's a total cost of more than $1 million — and that's not counting private school or university tuition, which can tack on an additional $200,000 per child.
For the royal family, that number is much higher — they'll pay at least $1 million for Prince George alone, according to one estimate. Add in his siblings, and that number could easily exceed $3 million.
Here are a few of the costs they're likely to incur while raising three royal children:
Education: $19,492 tuition for Princess Charlotte's nursery school, $240,767 for Prince George's attendance through year eight at Thomas's Battersea in London, $55,772 tuition per year if Prince George attends Eton College like his father
Nannies: a minimum of between $36,493 and $58,552 for nanny Maria Teresa Turrion Borrallo, but most likely more
Clothing and Feeding: at least $200,000 per child, and $514.10 for Prince George's uniform with optional accessories
Maternity Care: a minimum of $24,910 for baby delivery at the Lindo Wing, $2,109 for antenatal care, and $25,500 for gynecologist consultations (all figures are totals based on the cost of all three royal babies)
Baby gear: $75 for one christening shawl used for all the royal children, at least $480 for infant carriers, a minimum of $4,000 for strollers and accessories, and at least $6,000 for three nurseries
Take a closer look below for a more specific breakdown of just how much it may cost to raise three royal children:
Cost of raising three royal children
Cost of raising three royal children
The Duke and Duchess of Cambridge reportedly have a combined net worth of $50 million.
It's estimated that the Duke and Duchess of Cambridge will end up paying $1 million for schooling, childcare, and other costs to raise Prince George to adulthood. Add Princess Charlotte and the new royal baby boy to the mix, and that's $3 million — and that's only if they stop at three royal children.
Princess Charlotte started nursery in January 2018 at the female-run Willcocks Nursery School, which is difficult to get into. Parents must pay a nonrefundable registration fee of $167, which they can do upon the child's birth. If accepted with an "Offer of a Place," parents must put down a security deposit of $2,009.
But that's just the beginning of Willcocks Nursery School's hefty price tag. Morning school for five days a week is $4,086 a term, or $12,258 for all three terms. Afternoon school, which takes place on Mondays, Thursdays, and Fridays, is $2,411 a term or $7,234 for all three terms. Charlotte is said to be attending morning school and afternoon school full-time — that's $19,492 a year.
Naturally, Prince George needs to don some dapper duds to attend this posh prep school. The total cost of a year's uniform supply is $456.50. Optional accessories — gloves, hat, scarf, and jacket — are an extra $57.60, bringing the total to $514.10.
When Prince George turns 13, it will be decided whether he follows in the footsteps of his father and Uncle Harry to attend Eton College. Fees per term are now $18,059, which means the price of tuition per year could increase to nearly $55,954.
This means that the total cost for Prince George's schooling career could total more than $503,591 — that's 32 times more than the average $15,667 the government spends per child between the ages of four and sixteen attending a school in London.
Maria Teresa Turrion Borrallo, the royals' live-in nanny, gives Mary Poppins a run for her money. Borrallo is a graduate of the prestigious Norland College, which schools nannies that can earn between $36,493 and $58,552 in London, between $48,793 and $84,343 outside of London, and up to $145,665 overseas. She probably makes more than that looking after three royal children and accompanying them on tours and excursions.
The average London family spends $46,000 on feeding and clothing one child for two decades. For three children, that's $138,000. A royal family is likely to spend even more — a Gieves & Hawkes children's suit for Prince George was $7,000 alone. With purchases like that, Kate and Will are estimated to spend at least $200,000 per child.
The Lindo Wing, where Prince George, Princess Charlotte, and the new royal baby were born, charges $8,900 for 24-hours in a deluxe room (the most luxurious option) and a non-Caesarean delivery. However, the Lindo Wing offers a 10% discount to mothers who have already given birth there. That's a total of $24,910 for three royal babies (including two discounted stays).
Kate has been seen pushing Prince George in the Silver Cross Sleepover Elegance Pram ($1,249) and pushing Princess Charlotte to her christening in the Silver Cross Balmoral Pram, which includes chrome detailing ($2,276). She also reportedly owns more modern strollers — like Out 'n' About's Nipper ($382). Kate is also said to have ordered a matching bespoke navy carry cot ($172) from the brand after Princess Charlotte's birth.
The average cost to furnish and decorate a nursery is $2,000, but it's likely the Duke and Duchess spent more than that for each royal child. William's chest of drawers was worth $2,880 alone when he was a baby. Kate was also spotted purchasing a Blue Almonds Wicker Moses Basket ($297) before Prince George's birth, and she told Marcus Ingman, Ikea's head of design, that there were a few Ikea pieces in Prince George's nursery. Cots there start at $82.