Average cost of a nanny share?

[Anonymous]

I just found out I am pregnant a few weeks ago (YAY)! This will be our first baby. I have heard in the past from friends that you need to get on top of the child care situation as soon as possible - that there are wait lists, etc. so I am trying to be proactive and explore all options. Just wondering approximately what the cost of a nanny share would be with one other infant? Any help would be appreciated!

[Anonymous]

Congratulations on your baby!
Please do a search first and come back with questions. The numbers are all over the may. Nannies expect to earn anything from $10-30/hr. depending on who you get.

[Anonymous]

Anonymous wrote:Congratulations on your baby!
Please do a search first and come back with questions. The numbers are all over the may. Nannies expect to earn anything from $10-30/hr. depending on who you get.

map, not may

[Anonymous]

We pay in our nanny share 9.50 per family per hour ($19/hr total). Our total expenses including taxes, bonus, transportation stipend, insurance contribution, fees associated with a payroll service, workers comp insurance is around 25k/year for our family alone.

Here are some additional expenses besides the hourly rate to think about (not all are necessary of course!):

- Raises (we did ours at the 6 month mark and the 18 month mark), anywhere from 50cent to a dollar each time is about right
- Bonuses (we do it at Christmas and the anniversary of her start date)
- Monthly health care contribution (note that this is not considered income for the nanny so you don't have to pay taxes on it)
- Monthly transportation stipend
- Fees associated with a payroll service; we use Breedlove. I highly recommend them
- Workers comp insurance, if you are hosting the share

Hope this helps! A nanny share isn't inexpensive, but it allows us to retain a great nanny that we wouldn't otherwise be able to afford on our own. It's also been a wonderful experience for our little girl.

[Anonymous]

$8-10 per family, to start. You can generally negotiate a lower base rate if you will guarantee a set amount of overtime hours -- any hours past 40 are paid at time and a half.

-federal holidays paid
-2 weeks paid vacation for nanny (one she chooses, one you choose)
-sick days. 3-5 is standard. Consider if you will pay them out at the end of the year if nanny doesn't take them. This has been a debate lately on these boards.
-gas reimbursement once nanny is driving the kids places (follow IRS rates)

[Anonymous]

I fully agree that doing a nanny share isn't likely to save you much $$$$, but it does allow you the option of finding a much better qualified and experienced nanny than many families could afford on their own.

Also, given the caliber of nanny you may get, both children are likely to reap the rewards of not being an "only" child, imo.

[Anonymous]

Nanny share saves you money compared to cost of your own nanny and it might be roughly on par w/ a really expensive downtown daycare center but it is much more expensive (normally) than most daycares in the suburbs. Agree with the advice to do a search since it's a very common topic - also specific rates will vary depending on where you are (NWDC vs. Gaithersburg would be quite different). Agree with this. We have a 50 hr a week share in the not super close in 'burbs of MD and pay $800 a week. On top of that is the worker's comp, gas stipend for driving and the state/federal unemployment insurance amounts. Note that rates quoted on this board are generally gross amounts although nannies you interview may ask for net amounts (don't do that - you don't HAVE to since it's generally an employer's market right now and it's just not good.).

"$8-10 per family, to start. You can generally negotiate a lower base rate if you will guarantee a set amount of overtime hours -- any hours past 40 are paid at time and a half.

-federal holidays paid
-2 weeks paid vacation for nanny (one she chooses, one you choose)
-sick days. 3-5 is standard. Consider if you will pay them out at the end of the year if nanny doesn't take them. This has been a debate lately on these boards.
-gas reimbursement once nanny is driving the kids places (follow IRS rates) "

[Anonymous]

We paid $9.50/hr for an excellent nanny in NW DC. Taxes were on top of that (employer taxes). It worked out to about $1,700.00/month, all told.