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Reply to "Can A Family Pay $1000, a week for Nanny one Baby?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nanny agency owner here. You can find someone newer for $25/hr gross, but then you have to remember additional costs including: 10% of nanny's gross annual income in employer taxes Christmas bonus 1.5x overtime when you exceed 40 hours in a week $65/m for tax and payroll service Many nannies want (need) a monthly health insurance stipend Reimbursements for mileage, outings, activities Workers comp policy[/quote] What’s the average annual salary / expenses all in for an experienced nanny?[/quote] $80-90k[/quote] Yup. For one kid doing 3 day private Montessori + nanny, you’re looking at $100K+ all in for one year. Using pretax dollars, that’s closer to $130K of your baseline income. You need a household income of $500K+ to reasonably afford that. [/quote] One option I see used by some professionals, especially those with some odd hours, is live-in au pair plus preschool. [/quote]
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