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Childcare other than Daycare and Preschool
Reply to "What is the total yearly cost of employing a nanny?"
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[quote=Anonymous]For us, we have found that it's worked out consistently to be the rate per hour times 200 to get the monthly costs. That's how we budget. Currently, we pay $26 an hour for our own nanny, it's $5,200 a month or just over $62k a year. That includes her salary, taxes, workers comp, and the payroll company. This is for 40 hours a week, so no overtime. Our nanny walks the kids everywhere (we live in the city) so there's no milage, and as of yet, we haven't had a nanny who wanted a health insurance stipend. Our nanny also doesn't do things that cost money (Gymboree or whatever) but if you did that, it'd be extra as well. [/quote]
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