Kids are expensive, so wondering what is a comfortable annual salary for a single mom in the DC area? How much extra $ per month should I expect to need? |
1 kid — 120k
2 kids — 180k |
Depends on what you find comfortable and where in the DC area. . . |
Will you revive child support?
I'm a single mom in DC, and I make about $70k, plus I get $10k in child support every year. We're comfortable and I bought a house 2 years ago (when salary + child support was closer to $70k). |
Also depends on how old your child is. If they need daycare, you should have a cushion of $30K annually. |
My one kid costs us about $800/month (between aftercare, swimming class, food, and clothing). If I ended up a single parent I would want to be making at least $100k, but I could probably make it work on less. |
Would you need a two bedroom or be okay with one? Housing and daycare are big expenses. |
What other debts/ expenses do you have? Where do you plan to live? Daycare years are very expensive. |
Infant child care is the highest in DC, averaging around $1200-1800 a month. I say $200k is the needed salary with the cost of living. |
LOL what? I'm not a single mom but my husband and I don't earn that much combined. OP, I'd say $80-100K is a good range if you want to be comfortable. If you're ok with tightening your belt, $60K would be sufficient. You have lots of options WRT where you live and childcare. I toured an in-home daycare that would have cost $185/week for my infant. And of course there are still plenty of areas in the DC metro area that are not exorbitantly expensive. Best wishes to you! |
It can work if you get an apartment. |
There are a lot of factors to consider...child care type/cost, where you want to live, do you have student loan debt or any other debt. I make 102,000 and live in NE with my partner and one kid and he makes about 130,000. I still have student loans I'm paying off, if I didn't have his income to help with child care expenses, I could do it, but would not feel "comfortable' |
Do these averages still stand after covid19, given the change in work environment in the Washington DC area? For a single mom with no other financial assistance but her earned salary. |
HELL NO. Nobody is charging $185/week today or $1200-1800 for an infant. Well, maybe $1800 but that would be the lower end. |
I was a single Mom in NOVA with 75K base, plus bonus and child support. No debt or loans. |