Nanny Cost?

[Anonymous]

Just found out we are pregnant with #3. What is the going rate for a nanny to care for a baby Monday-Friday 8 hours per day? I work from home but would need someone to watch the baby during the day. Also, possibly to help with my 9 and 6 year old either picking up or bringing to after school activities. With our first two we did just daycare centers which can be costly before the age of 2. So I wonder if a nanny will be similar in cost or significantly higher.

[Anonymous]

Average rate for a decent nanny in this area is maybe $20-30/hr.

[Anonymous]

Good nannies are expensive. Better stick to daycare.

[Anonymous]

You can probably find someone good for $17-$20/hr for someone with a decent amount of experience. Probably won't be college educated but honestly you don't need that. Just someone loving and caring.

[Anonymous]

Rememebr that a nanny is a employee and you are also responsible for payroll taxes, vacations, etc.

[Anonymous]

I think that you might have to look a little harder and/or pay a little more, too, if you are asking the nanny to do pickups and activities for older kids plus some nannies do not like working with a work-at-home parent hovering.

[Anonymous]

All in, you will be out of pocket between $65 an $70K per year.

[Anonymous]

Anonymous wrote:You can probably find someone good for $17-$20/hr for someone with a decent amount of experience. Probably won't be college educated but honestly you don't need that. Just someone loving and caring.

Probably someone without working papers, at that price.

[Anonymous]

Nanny will be significantly more than daycare.

[Anonymous]

Anonymous wrote:Just found out we are pregnant with #3. What is the going rate for a nanny to care for a baby Monday-Friday 8 hours per day? I work from home but would need someone to watch the baby during the day. Also, possibly to help with my 9 and 6 year old either picking up or bringing to after school activities. With our first two we did just daycare centers which can be costly before the age of 2. So I wonder if a nanny will be similar in cost or significantly higher.

A nanny would be significantly more expensive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You can probably find someone good for $17-$20/hr for someone with a decent amount of experience. Probably won't be college educated but honestly you don't need that. Just someone loving and caring.

Probably someone without working papers, at that price.

OP, this is the worst place to find out how much to pay a nanny. So many inflated salaries.

[Anonymous]

I agree DCUM is the worst for wildly inflated salaries. $30/hr is nuts unless you're basically hiring a full-on governess or have a ton of kids; no one I know pays that. Nannies are certainly more expensive than daycare, especially if you're talking one kid, but not necessarily crazily so considering the added benefits. Not having to do drop-off and pick-up is a huge benefit all on its own, IMO. Our nanny started when DD was 9 months old and we pay $18/hr + employer taxes, so about $40K/yr. She gets 4 weeks guaranteed vacation, but we pick the weeks (and it usually turns out to be more like 6-8 because we travel a lot). You might need to pay somewhat more depending on how much work she'd be doing with your older children, although you might find a nanny willing to take a lower rate for the hour she's with the baby and then the higher rate when the other two are with her (we used to be in a nanny share that had this financial arrangement).

[Anonymous]

Anonymous wrote:

Anonymous wrote:You can probably find someone good for $17-$20/hr for someone with a decent amount of experience. Probably won't be college educated but honestly you don't need that. Just someone loving and caring.

Probably someone without working papers, at that price.

We had a legal (green card) nanny with education experience for $18 a couple years ago. Raised to $20 over her time with us. But only one infant (5 months and up). It'll be harder and pricier to get a nanny for a work from home parent and to do additional pickups. It was worth it to me since I had no worries about drop off and pickup and she tidied the baby's space and did laundry for her and made some food. Oh and we withheld taxes, paid our portion, offered paid time off, sick leave and overtime pay.

[Anonymous]

I think you could find someone for one baby for $20 an hour. Unless you need a tutor you don't need a college degree. The hard part is going to be finding a Nanny who is ok with u working from home. Most Nannies do not want to work with a parent at home.
On top of hourly rate you need to look at extra expenses too, car use, if hers then you need to pay mileage useage, if yours then wear and tear on uour car.
Food for Nanny or will you ask her to bring her own. Music classes or gym classes that Nannies and sahms moms like to go to....not mandatory but nice. Contribution to health insurance?

[Anonymous]

Where do you live OP? We are in Vienna. Our nanny started at $18 and we went up to $21 over the years we had her. She was amazing. And legal. I also work from home (and that makes it a bit tougher, honestly - some people won't be interested but I always figured those were the ones who wanted to stare at their phone all day or otherwise slack off). Like you though, that enabled us to do a straight 40 hours which really helps on the cost because you don't get into overtime. We used a payroll service that cost less than $1000 per year if I recall correctly. I think the added benefit of being able to help with older kid pickups etc. would make it well worth it for you. We have a minimum of three weeks off but only one was her choice, two were ours. We also offered 5 (use it or lose it) sick days but she used only one sick day in the 3.5 years she was with us.