We all know that having a child isn’t a cheap endeavor, and when it comes to childcare, these days it’s just simply unaffordable in a lot of places in the country. In case you missed it, a new Care.com report reveals just how expensive childcare is across the country. Overall, the average cost to put in infant in a day-care center is $211 a week, while it costs $195 to put them in a family care center and $580 to hire a nanny.
Shockingly, 33% of families say they spend 20% or more of their annual household income on childcare, while 20% spend a quarter or more of their income. What’s more, 70% of parents are paying higher rates than the U.S. Department of Health and Human Services says is considered affordable.
The survey finds that 60% of families say their childcare costs have increased over the last year and these astronomical rates are affecting how many babies people have. In fact, 33% of families say childcare costs influenced their family planning, with some either having fewer children or waiting longer because of the expenses.
Of course, where you live can affect how much you’ll be paying to care for your child. The study finds that costs of putting a child in a childcare center can run from $6,615 in Arizona to $19,805 in Washington, DC, while having a nanny from one child can cost anywhere from $27,566 in Utah, to $34,592 in Massachusetts.
Overall, Maryland is the most affordable state to hire a nanny, while Mississippi is the least affordable state. And when it comes to daycare, North Dakota is the most affordable state, while Washington, DC is the least affordable. (This is based on the average cost of care in relation to the state median family income among households with children.)
Top 5 Most Affordable States For A Nanny
Top 5 Least Affordable States For A Nanny
Top 5 Most Affordable States For A Day Care
Top 5 Least Affordable States For A Day Care
District of Columbia