Can I afford a nanny?

[Anonymous]

My budget is around $30,000/ year and I'd be looking for someone for 4 days/week. I have 2 kids (4 months and 22 months) and live in Northern Virginia. I'm just wondering if it's even an option for me. Thanks!

[Anonymous]

If you're looking for around 30-35 hours, I think you could definitely offer a decent rate and find a good nanny. When decide on a rate to offer, remember to factor in the costs of taxes beyond your nanny's compensation rate.

[Anonymous]

How many hours a week. Say you only need 30 hours a week. You can afford a nanny bit you have to pay more per hour. If you need 40+ you probably couldn't.

[Anonymous]

I'm the OP. I was thinking 36 hours a week. Can you give me an idea of what the hourly rate would look like? Thanks!

[Anonymous]

Do you have space for a live-in OP? I'm doing the math and to stay under $30k for the year after factoring in taxes, you're looking at an hourly rate of $14-$15/hour which is a decent rate for 2 kids in northern VA, but you have no room for raises if you plan on having a long term nanny.

[Anonymous]

Anonymous wrote:Do you have space for a live-in OP? I'm doing the math and to stay under $30k for the year after factoring in taxes, you're looking at an hourly rate of $14-$15/hour which is a decent rate for 2 kids in northern VA, but you have no room for raises if you plan on having a long term nanny.

This is really helpful. Thank you.

We technically have space for a live-in (extra bedroom and bathroom) but we're pretty private people so wouldn't want to share our kitchen/ living areas. We're thinking we'd only want a nanny for about 2 years and then we'd send the kids to preschool. So maybe starting the nanny at $14/hour and then a raise to $15/hour after a year?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do you have space for a live-in OP? I'm doing the math and to stay under $30k for the year after factoring in taxes, you're looking at an hourly rate of $14-$15/hour which is a decent rate for 2 kids in northern VA, but you have no room for raises if you plan on having a long term nanny.

This is really helpful. Thank you.

We technically have space for a live-in (extra bedroom and bathroom) but we're pretty private people so wouldn't want to share our kitchen/ living areas. We're thinking we'd only want a nanny for about 2 years and then we'd send the kids to preschool. So maybe starting the nanny at $14/hour and then a raise to $15/hour after a year?

If you are not providing the nanny with a kitchen than it's best you not have a live-in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you have space for a live-in OP? I'm doing the math and to stay under $30k for the year after factoring in taxes, you're looking at an hourly rate of $14-$15/hour which is a decent rate for 2 kids in northern VA, but you have no room for raises if you plan on having a long term nanny.

This is really helpful. Thank you.

We technically have space for a live-in (extra bedroom and bathroom) but we're pretty private people so wouldn't want to share our kitchen/ living areas. We're thinking we'd only want a nanny for about 2 years and then we'd send the kids to preschool. So maybe starting the nanny at $14/hour and then a raise to $15/hour after a year?

If you are not providing the nanny with a kitchen than it's best you not have a live-in.

Also 14 is VERY LOW, unless you are hiring a High Schooler with no experience.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you have space for a live-in OP? I'm doing the math and to stay under $30k for the year after factoring in taxes, you're looking at an hourly rate of $14-$15/hour which is a decent rate for 2 kids in northern VA, but you have no room for raises if you plan on having a long term nanny.

This is really helpful. Thank you.

We technically have space for a live-in (extra bedroom and bathroom) but we're pretty private people so wouldn't want to share our kitchen/ living areas. We're thinking we'd only want a nanny for about 2 years and then we'd send the kids to preschool. So maybe starting the nanny at $14/hour and then a raise to $15/hour after a year?

If you are not providing the nanny with a kitchen than it's best you not have a live-in.

Oh, I know. I was saying that we would not be comfortable with a live-in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you have space for a live-in OP? I'm doing the math and to stay under $30k for the year after factoring in taxes, you're looking at an hourly rate of $14-$15/hour which is a decent rate for 2 kids in northern VA, but you have no room for raises if you plan on having a long term nanny.

This is really helpful. Thank you.

We technically have space for a live-in (extra bedroom and bathroom) but we're pretty private people so wouldn't want to share our kitchen/ living areas. We're thinking we'd only want a nanny for about 2 years and then we'd send the kids to preschool. So maybe starting the nanny at $14/hour and then a raise to $15/hour after a year?

If you are not providing the nanny with a kitchen than it's best you not have a live-in.

Also 14 is VERY LOW, unless you are hiring a High Schooler with no experience.

What do you think a reasonable rate would be? I'm obviously not looking to hire a high school student.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you have space for a live-in OP? I'm doing the math and to stay under $30k for the year after factoring in taxes, you're looking at an hourly rate of $14-$15/hour which is a decent rate for 2 kids in northern VA, but you have no room for raises if you plan on having a long term nanny.

This is really helpful. Thank you.

We technically have space for a live-in (extra bedroom and bathroom) but we're pretty private people so wouldn't want to share our kitchen/ living areas. We're thinking we'd only want a nanny for about 2 years and then we'd send the kids to preschool. So maybe starting the nanny at $14/hour and then a raise to $15/hour after a year?

If you are not providing the nanny with a kitchen than it's best you not have a live-in.

Also 14 is VERY LOW, unless you are hiring a High Schooler with no experience.

What do you think a reasonable rate would be? I'm obviously not looking to hire a high school student.

It really depends on where you live, what benefits you would be willing to give (sick days, health insurance). Do you live in the immediate DC area, I would start at 17-18 for a high end nanny.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you have space for a live-in OP? I'm doing the math and to stay under $30k for the year after factoring in taxes, you're looking at an hourly rate of $14-$15/hour which is a decent rate for 2 kids in northern VA, but you have no room for raises if you plan on having a long term nanny.

This is really helpful. Thank you.

We technically have space for a live-in (extra bedroom and bathroom) but we're pretty private people so wouldn't want to share our kitchen/ living areas. We're thinking we'd only want a nanny for about 2 years and then we'd send the kids to preschool. So maybe starting the nanny at $14/hour and then a raise to $15/hour after a year?

If you are not providing the nanny with a kitchen than it's best you not have a live-in.

Also 14 is VERY LOW, unless you are hiring a High Schooler with no experience.

What do you think a reasonable rate would be? I'm obviously not looking to hire a high school student.

It really depends on where you live, what benefits you would be willing to give (sick days, health insurance). Do you live in the immediate DC area, I would start at 17-18 for a high end nanny.

Thanks. I can offer sick days and paid vacation, but not health insurance. What do you mean by "high end nanny"?

[Anonymous]

I am unfamiliar with the market rates in your area, but $14/hr is not "VERY LOW" for all areas. There are many areas where $14/hr would be a generous rate. -from a nanny who makes $13/hr-

[Anonymous]

Nanny in NoVA here. $14/hr is on the low end of FT professional nannies, but not laughably so. I suggest interviewing a few people whose qualifications you feel comfortable with, asking them what their rates are, and seeing how far off they are from yours.

[Anonymous]

You are not offering a full time position so many nannies won't even want to take it. Expect to pay on the upper end of 16-18.