Does this sound right??

[Anonymous]

We're considering joining a nanny share. The nanny will be watching two 1 year-olds and is highly experienced and qualified.

We just learned that the expected cost (paying above board and with a healthcare stipend) is almost $3300/month JUST FOR OUR HALF OF THE NANNYSHARE!!

Is this normal for DC? We're in the Capitol Hill area.

Thanks for any input. We're new to the nanny share world and I am having sticker shock, for sure.

Also, how much is daycare/month on average?

[Anonymous]

depends on so may factors, how many kids in the share, how many days and hours, qualification of nanny: languages, teaching degrees, drivers license and car, etc. FWIW I'm paying my nanny $30/hr

[Anonymous]

PP again, and kids under 3 cost more

[Anonymous]

For 2 kids around 12 months old, that sounds about right to me. I've heard higher amounts and lower amounts.

But for a great nanny, above-board, probably with some overtime hours?, I think $3300/month is in the ballpark and doesn't sound crazy to me.

I say go for it and move quickly if you think this is a good situation for you.

[Anonymous]

I think that’s nuts. That’s well above daycare cost. And I’m paying about $4,500/month for my nanny, not in a share. Maybe it’s costing a lot due to overtime?

[Anonymous]

For daycare, I paid $2,200/month for an infant spot at a center connected to a federal agency. You paid more if you weren’t a fed, but I don’t know how much.

[Anonymous]

That sounds high to me. The nanny shares I looked into were more in the $2500 / month ballpark.

As it happens, we got into a Federal daycare that's only about $1400 / month, so $3300 now seems EXTREMELY high.

[Anonymous]

You can find a lower cost nanny share with a good nanny.

[Anonymous]

Anonymous wrote:You can find a lower cost nanny share with a good nanny.

+1

Nannies with graduate degrees, skill with multiple foreign languages, and lots of experience are popular with wealthier CH families. But you can find younger nannies who are great for a lot less money.

Also, a secret: every one of those super high-paid nannies is also sitting at the park, staring at their phone, while the kids they watch play. Maybe they do more around the house, maybe little Caroline or whatever is becoming fluent in French (she is not). But the truth is, those nannies are doing exactly what parents would be doing — shooting the shit with their friends and texting.

Save your money. You need someone reliable who has good rapport with your kid and can pass a background check. The rest is window dressing.

[Anonymous]

Daycare without any employer subsidies can run you around $2600 a month in your area.

[Anonymous]

Anonymous wrote:We're considering joining a nanny share. The nanny will be watching two 1 year-olds and is highly experienced and qualified.

We just learned that the expected cost (paying above board and with a healthcare stipend) is almost $3300/month JUST FOR OUR HALF OF THE NANNYSHARE!!

Is this normal for DC? We're in the Capitol Hill area.

Thanks for any input. We're new to the nanny share world and I am having sticker shock, for sure.

Also, how much is daycare/month on average?

Let’s do the math on it, then.

$3300/month * 12mon/yr. = $39600/yr
$39600/yr / 52wk/yr = $761.54/wk
$761.54/wk / 5days/wk = $152.31/day

That’s a little high, but not astronomical.

Ok, backtrack a bit. You don’t state the hours or rare, so let’s look at that.

$761.54/wk / 40hours/wk = $19.04/hr if it’s 40 hours, no overtime. That’s a bit high.
$761.54/wk / 47.5hours/wk (45 worked hours, 5 hours overtime at 1.5x) = $16.03/hr That’s more reasonable, and during covid, you’ll be hard pressed to find lower.
$761.54/wk / 55hours/wk (50 worked hours, 10 hours overtime at 1.5x) = $13.85/hr That’s a steal, especially during covid.

So, how many hours and what’s the rate? Also, what are the qualifications (education, experience, target language)? Talking solely in terms of gross monthly is not really possible.

[Anonymous]

You can get your own nanny for that much. That makes no sense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We're considering joining a nanny share. The nanny will be watching two 1 year-olds and is highly experienced and qualified.

We just learned that the expected cost (paying above board and with a healthcare stipend) is almost $3300/month JUST FOR OUR HALF OF THE NANNYSHARE!!

Is this normal for DC? We're in the Capitol Hill area.

Thanks for any input. We're new to the nanny share world and I am having sticker shock, for sure.

Also, how much is daycare/month on average?

Let’s do the math on it, then.

$3300/month * 12mon/yr. = $39600/yr
$39600/yr / 52wk/yr = $761.54/wk
$761.54/wk / 5days/wk = $152.31/day

That’s a little high, but not astronomical.

Ok, backtrack a bit. You don’t state the hours or rare, so let’s look at that.

$761.54/wk / 40hours/wk = $19.04/hr if it’s 40 hours, no overtime. That’s a bit high.
$761.54/wk / 47.5hours/wk (45 worked hours, 5 hours overtime at 1.5x) = $16.03/hr That’s more reasonable, and during covid, you’ll be hard pressed to find lower.
$761.54/wk / 55hours/wk (50 worked hours, 10 hours overtime at 1.5x) = $13.85/hr That’s a steal, especially during covid.

So, how many hours and what’s the rate? Also, what are the qualifications (education, experience, target language)? Talking solely in terms of gross monthly is not really possible.

OP said that’s only for ONE HALF of the share.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We're considering joining a nanny share. The nanny will be watching two 1 year-olds and is highly experienced and qualified.

We just learned that the expected cost (paying above board and with a healthcare stipend) is almost $3300/month JUST FOR OUR HALF OF THE NANNYSHARE!!

Is this normal for DC? We're in the Capitol Hill area.

Thanks for any input. We're new to the nanny share world and I am having sticker shock, for sure.

Also, how much is daycare/month on average?

Let’s do the math on it, then.

$3300/month * 12mon/yr. = $39600/yr
$39600/yr / 52wk/yr = $761.54/wk
$761.54/wk / 5days/wk = $152.31/day

That’s a little high, but not astronomical.

Ok, backtrack a bit. You don’t state the hours or rare, so let’s look at that.

$761.54/wk / 40hours/wk = $19.04/hr if it’s 40 hours, no overtime. That’s a bit high.
$761.54/wk / 47.5hours/wk (45 worked hours, 5 hours overtime at 1.5x) = $16.03/hr That’s more reasonable, and during covid, you’ll be hard pressed to find lower.
$761.54/wk / 55hours/wk (50 worked hours, 10 hours overtime at 1.5x) = $13.85/hr That’s a steal, especially during covid.

So, how many hours and what’s the rate? Also, what are the qualifications (education, experience, target language)? Talking solely in terms of gross monthly is not really possible.

OP said that’s only for ONE HALF of the share.

I know. At $19/hr, it’s high for a share. $16/hour is about right during covid. $13/hr was right before covid. Everyone keeps saying it’s more expensive than daycare; of course it is.

The order for total cost is as follows:
1. Special needs nanny
2. Nanny
3. Nanny share (2 families, 2 kids)
4. Nanny share (2+ families, 2+ kids)
5. Center daycare
6. In-home daycare
*Sitter can be anywhere from more expensive than 4 to less expensive than 6.

Nanny shares are cheaper than nannies. But you still have more control than at a daycare, and the child-adult ratio is still lower. You pay for that privilege.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You can find a lower cost nanny share with a good nanny.

+1

Nannies with graduate degrees, skill with multiple foreign languages, and lots of experience are popular with wealthier CH families. But you can find younger nannies who are great for a lot less money.

Also, a secret: every one of those super high-paid nannies is also sitting at the park, staring at their phone, while the kids they watch play. Maybe they do more around the house, maybe little Caroline or whatever is becoming fluent in French (she is not). But the truth is, those nannies are doing exactly what parents would be doing — shooting the shit with their friends and texting.

Save your money. You need someone reliable who has good rapport with your kid and can pass a background check. The rest is window dressing.

Honestly, I could not possibly disagree more. And you’re making such ugly generalizations, PP. Our nanny has advanced degrees and teaching experience and is worth every penny. She’s also devoted to our children.

You sound really bitter.