The cost of baby formula is $60 to $100 per month, which is $720 to $1,200 per year. A child with milk protein allergies requires a more expensive milk. This can cost $150 per month, which is $1,800 per year.

Formula is expensive. Tips to save money include signing up for manufacturers coupons. Trading coupons with friends is an option as well. Sign up on the website of the formula provider to receive formula checks in the mail. Purchase powered formula versus the concentrate or ready-to-feed. Big box warehouse stores offer bulk purchasing of formula. Breastfeeding is free, so breastfeed as long as possible.