The cost of infant daycare is a huge concern for many parents. You want to make sure that your child is in a safe and loving environment while you are at work, but you also don’t want to have to pay an arm and leg for it. The average cost of infant daycare varies greatly depending on where you live, the number of days per week your child will attend, and more. This article will cover all the ways that infant daycare can affect your wallet!
This will be a whole article about the cost of infant daycare and how it affects americans.
It is a good idea to know how much infant daycare costs in your area so that you can plan accordingly. Infant daycare costs vary greatly by city, state and even neighborhood. In fact, there are many factors which affect the price of infant daycare:
- cost of living in your area;
- the location of the facility (urban vs rural); and
- the number of children enrolled at their center at any given time
price of infant daycare by state
Infant daycare prices vary widely depending on the state and location, but the average cost for one child is around $10,000 a year. The most expensive states tend to be those with the highest cost of living and highest salaries for childcare workers. The cheapest infant daycare costs in America are Alabama ($8,629), Arkansas ($7,299), Mississippi ($6,987) and Missouri ($6,967).
- Illinois: About $13k per year on average
- New York City: About $15k per year on average; however it can be as high as $20k per month in some cities like Manhattan or Brooklyn
- California: About $14k per year on average
average cost of infant daycare
The average cost of infant daycare for a full-time program is $11,666 per year. However, the actual cost varies by state and can range from $9,868 to $13,388 per year.
In order to better understand why these costs are so different across states, let’s take a look at the data (provided by Child Care Aware® of America).
cost of infant daycare compared to housing
If you’re considering daycare for your infant, then there’s a good chance that you’re also concerned about the cost of it. In fact, the average cost of infant daycare is higher than the average cost of housing and tuition.
To help contextualize things for you, here are some other areas where you can expect to spend more money than on infant daycare:
cost of infant daycare compared to rent
- Infant daycare is more expensive than rent.
- Infant daycare is less expensive than rent.
- The cost of infant daycare compared to rent is… _________ (Fill in the blank.)
In this case, the answer would be “infant daycare costs more than rent.”
average yearly cost of infact daycare
Infant daycare costs vary by region, but the average yearly cost of infant daycare in the United States is about $4,900 for a part-time (10 hours per week) program and $9,000 for a full-time (40 hours per week) program. In the UK and Canada, these numbers are £3,500 and C$7,500 respectively. In India and other developing countries where infant care facilities may not be well developed or accessible to families with limited resources, it’s possible that no formal care options exist at all—but this is largely dependent on whether there’s enough demand to justify opening such a facility.
yearly cost of infant daycare for 1 child
The yearly cost of infant daycare for 1 child is $10,000.
The monthly cost of infant daycare for 1 child is $1,125.
The weekly cost of infant daycare for 1 child is $375.00
The daily cost of infant daycare for 1 child is $42.92
yearly cost of infant daycare for 2 children
The average cost of infant daycare for two children is $11,000 per year.
The average cost of infant daycare for two children in the state of California is $11,000 per year.
The average cost of infant daycare for two children in the state of Colorado is $11,000 per year.
yearly cost of infant daycare for 3 children
How much does it cost for a family of three to send their kids to daycare?
If you’re wondering how much it costs for a family of three to send their kids to daycare, the answer is: It depends on where they live and what type of center they use. The average cost per month ranges from $1,000-$2,200 per month depending on where you live. The average cost per year ranges from $12,000-$26,400 per year depending on where you live.
Infant Daycare is expensive
Not only is infant daycare expensive, it’s also a good investment. Once you see the benefits of having your child in daycare, you will realize that it is worth every single penny. Infant daycare is not a luxury; it’s something every parent needs to do.
You might be thinking “But I’m only going to work part time now.” If that’s your mindset, then yes: infant daycare will cost more than before because you’ll have fewer hours at work and therefore spend more time with your baby. However, if this means that working full-time would make things too stressful for you and/or your family (and there are many reasons why), then don’t feel like you have to start working full-time just yet! There are plenty of jobs out there where parents can earn enough money without having to work 40+ hours per week—and if there aren’t any available in your area right now but they open up later on down the road? Well then maybe those extra days off would be nice! In other words: don’t go into debt over something as trivial as saving face or keeping up appearances or whatever other reason people tend not want others knowing about their personal finances
Consider these factors when thinking about hiring in-home care for your child.
In-Home Care for Babies and Toddlers
Similar to traditional daycare, costs of in-home daycare depend on the age of your child and where you live. The size of the facility and whether or not it is licensed may also impact cost. Some in-home daycare providers charge very little if they are a friend or neighbor, where others run more like a business and may charge as much as traditional daycare.
The average in-home daycare charges about $9,027 a year ($752 a month) for infants and $8,246 a year ($688 a month) for toddlers.
Prices for infant daycare start at $4,183 a year and go up to $13,184 a year ($349 to $1,099 a month), though costs will likely be higher in large cities.
The most expensive states for home daycare for infants and toddlers are Connecticut, Maryland, Massachusetts, New York, and Virginia, with costs of over $10,000 a year ($833 a month).
In-Home Care for Preschoolers
For preschool-age children, the average cost for home daycare is $7,976 a year ($665 a month). The price for in-home care can vary widely between states, but an in-home care facility is generally less expensive than center-based care in the same area.
What Is the Cost of a Nanny?
Hiring a full-time nanny for your child may be the most expensive option. Depending on where you live, how many children you have, and what the competition is for qualified candidates, nannies typically cost between $11 and $25 an hour. According to a 2017 survey, the average hourly wage for nannies is $19.14.4
Some nannies also get benefits, such as employer-paid health insurance, paid holidays, vacation, and sick days.
Keep in mind that when you hire a nanny you become an employer, and the U.S. government expects you to pay your nanny’s Social Security taxes.
Cut Costs With a Nanny Share
A nanny share is a childcare arrangement where one nanny cares for the child or children of two or more families at the same time. A nanny share is an alternative childcare option to daycare or hiring a nanny for one family. You can have a “full” nanny share, which means that one nanny takes care of two families’ kids at the same time without any individualized care (easier to figure out financially, but not always practical). Another option is a “partial” share, when a nanny takes care of two families’ children sometimes individually and sometimes together.
In a nanny share, the childcare costs are cut because the nanny is sharing time between the children. For example, if you pay a nanny $15 an hour to watch one child, you may pay $11 an hour during share hours. Nanny shares may be full-time or part-time.
What Is the Cost of a Babysitter?
What to pay a babysitter also depends on various factors, such as how many children are being watched, the experience level of the babysitter, if the babysitter is doing additional work, and if the babysitter is being hired for a special occasion, such as a holiday or a vacation.
If you’re looking for cheap daycare, you might be better off with a babysitter or using family members to watch over your child. This is especially true if you’re not working full time and only need a few hours of childcare per week. However, if you can afford it, it’s still worth considering enrolling in infant daycare because it can help improve both parent-child relationships and school readiness