Losing baby teeth is one of the most exciting milestones for many children and one that also gives many parents a bit of anxiety. If the tooth fairy is a tradition in your home, you may find yourself scrambling for cash at the last minute and wondering just how much the tooth fairy pays these days! Things have changed since parents lost their own baby teeth, and the going rate for those pearly whites has definitely increased. While you can (of course) give whatever you want, kids at school will be discussing what the tooth fairy gave them and if the number is different, there could be confusion or disappointment.
It’s best to be prepared when deciding how much the tooth fairy will give for a tooth at your home by knowing what the average rate the tooth fairy gives out nationally is.
Dental insurance provider Delta Dental has been polling parents of children ages 6 to 12 across a broad spectrum of the U.S. population (not just those with dental insurance) annually since 1998. While the value of a baby tooth started out at $1.30 at the poll’s inception, the average rate stood at $6.23 in February 2023.
- Midwest: $5.63 (increased 14% over 2022)
- Northeast: $6.14 (dropped from $7.36 in 2022)
- West: $6.25 (increased 53% over 2022)
- South: $6.59 (increased 32% over 2022)
This $6+ record-high number represents an increase of 16% from 2022 and continues a trend of rapid increases. In 2019, the average rate was $3.70 in 2020, it was $4.03, in 2021, it was $4.70, and in 2022, it was $5.36. If the rate continues to jump half a dollar or more every year, kids could be raking in over $10 for every tooth by the time today’s kids are done losing their teeth.
With inflation of tooth fairy payouts that high, parents need to consider how high they are willing to go and if they will set a flat rate for all teeth from the start or if the rate will increase over time. Does the tooth fairy give more or less money based on good or bad behavior, the size of the tooth, or any other factor? Does the tooth fairy give prizes or gifts that aren’t money at all?
The amount of $6.23 might be higher than many parents who are new to being the tooth fairy likely imagined giving for a tooth, given the past averages, but it is the average rate others are already giving, so if you’re worried about your kid comparing notes at school, keep the current rate in mind.
However, be careful with allowing you or your child to be influenced by comparing to others. Letting what others receive in this situation sends a message that it’s also OK to care about what kinds of toys others get. Your kids may want the latest gadgets like their classmates, and not letting the amount that the tooth fairy gave one child versus another is one way to teach deemphasizing what others get.
Kids get so excited when they lose a tooth because that means they get to look forward to a visit from the tooth fairy. No matter what the tooth fairy leaves behind, the joy of finding a hidden treat under their pillow where they left their tooth is something kids look forward to.
But what happens if the tooth fairy forgets to make a visit? Life gets busy and sometimes parents forget about the tooth fairy, but some quick thinking can save the day. You can distract your child and have someone else stash the money in their room, then tell your child they may need to look harder. Help your child find a note from the tooth fairy explaining their absence and reassure them that they will be arriving soon, and to keep that tooth under their pillow until they can come by.
Don’t panic if the tooth fairy forgets to come, it happens more often than you may think. Some creativity and quick thinking will buy you some time to come up with the perfect excuse and assure your child that the tooth fairy didn’t forget them.
No matter what amount they receive, kids will be excited to get anything at all from the tooth fairy because it answers that wondrous question, “Is the tooth fairy real?”
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