What Percent of Your Income Do You Spend on Childcare?
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Anonymous
NP: Yes, a lot of professionals make $75k, and many earn less than $75k. Welcome to the real world, PP. |
Anonymous
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Cost for full day preschool right now is about 15% of my salary and about 20% of my take home. It was closer to 50% for infant and toddler care.
It is a factor in to why I don't have any more kids. |
Anonymous
When I had my first kid I made 55K/yr, I spent $14,300/yr on childcare. When I had my second kid, we went to a nanny, I made 90k/yr and spent 45K on childcare, plus another 5K on church based preschool. This was 9 years ago. This year I am on target to make 296K and am very glad I played the long game and never was short sighted about my career. |
Anonymous
+100 |
Anonymous
| I make 175K and DH makes 350K. We pay roughly $40,000 a year for combo of daycare and nanny (not full time nanny - both kids go to daycare for most of the day but nanny does pick up) for two kids ages 3 and 6 months. |
Anonymous
| It’s about $1500 per month so about 10% of HHI. |
Anonymous
Get a clue. The average American household has an income of 50K. A professional earning $75K is doing great. It's just that childcare in this country is crazy expensive. |
Anonymous
| A few years ago, when my children were very young, the cost of childcare was equivalent to about 43% of my income. Now that they're in public school, the costs have dropped dramatically to just camps and aftercare (12%). |
Anonymous
| My kids are in high school now, but when they were 2 under four, I was in the negative. We paid more for daycare, then what I was earning. And, we kept it up. If you pull yourself out of the workforce, you won't get back. And or you won't get back at the level you were earning. Stay at work, and keep the belt tight for a couple more years. You're already through the worst of it, and almost done! |
Anonymous
| $10k for Sept-May full time care, plus a few weeks of cobbled together sitters and vacations to match fcps (I’m a teacher). 15% of my income, but only 5% of household income. |
Anonymous
| Over 25% for one. Trying for a second now and dreading that year of overlapping day care - I expect a promotion and raise this year but not enough to cover infant day care with no impact on the budget! |
Anonymous
| 30k for daycare. Combined income 225k. So 13%. It’s insane. Very worried for when future kids come along. Trying to get into a different center that would be 24k or 10%. |
Anonymous
| 30k for daycare. Combined income 225k. So 13%. It’s insane. Very worried for when future kids come along. Trying to get into a different center that would be 24k or 10%. |
Anonymous
| 30k for daycare. Combined income 225k. So 13%. It’s insane. Very worried for when future kids come along. Trying to get into a different center that would be 24k or 10%. |
Anonymous
| 10% of our HHI. That’s full time daycare for a preschool aged child, before/aftercare for a school aged child, and camp for 4 weeks in the summer. |