Average cost of nanny share?

[kbcdc123]

Hi all-

We are expecting our first baby in October and would love to join a nanny share. I was wondering if you all could share your experience with how much you pay for in your nanny share. Our baby will be 3 months at the time we would like to start.

[Anonymous]

For us, around $2K a month per family.

[Anonymous]

Please do a search, OP. Tons of discussion already. Most nannies generally expect $18-30+ per hour.

[Anonymous]

I find that most are around $18/hour ($9 per family), plus taxes (which you only pay on the $9/hour), payroll service (GTM is $60 a month), and other misc. cost. Total out of pocket each month around $2,000-$2,200.

[Anonymous]

NP. Here are our annual costs (1 family in a share):

annual gross wages $27,295
tax prep service $500
ss/med tax $2,047 (7.5% of wages)
unemp tax $1,638 (6% of wages)
bonus $750 (rough estimate)

annual expense: $32,200
monthly: $2,700

This does not include the annual raise.

[Anonymous]

^^oops, unemployment tax is only on $7k of wages, so that amount is actually only $420 a year. Monthly expense around $2600 per fam give or take.

[Anonymous]

Anonymous wrote:I find that most are around $18/hour ($9 per family), plus taxes (which you only pay on the $9/hour), payroll service (GTM is $60 a month), and other misc. cost. Total out of pocket each month around $2,000-$2,200.

How do you find what "most" share nannies earn? Are you polling your circle of girlfriends? View any pay stubs? Or do they not give pay stubs to undocumented workers? Please share the details, PP.

[Anonymous]

Maybe it's me, but it seems that other moms I talk to reference higher rates, more like 20-24/hour. When I was in a share a few years ago, we were around $20 and that seemed to be average, maybe even a bit low ... Could just be the circles I run in ...

[Anonymous]

The poster who said it's about $32k per family is on target. We pay $24.50 p/hour for our share, plus overtime for any hours over 40 hours p/week. We also pay the taxes, a payroll service, Metro benefits, annual raise, year-end bonus of a week's pay, and a small birthday gift for the nanny.

If you want a good, experienced nanny be prepared to pay at least $23 p/hour. Anything less than that is hard to come by. A nanny (or nanny share) isn't cheap but remember that you are responsible for another person's livelihood -- and that person is caring for your precious kids. It is not a relationship to be taken lightly, and be prepared to shell out $$$. On the flip side, a great nanny is a godsend and you will go to work with the confidence that your kids are well cared for.

[Anonymous]

Anonymous wrote:I find that most are around $18/hour ($9 per family), plus taxes (which you only pay on the $9/hour), payroll service (GTM is $60 a month), and other misc. cost. Total out of pocket each month around $2,000-$2,200.

I agree that this is way too low for two families.

[Anonymous]

$18 for a share is WAY too low. Most nannies around here want $20 p/hour for one baby. Nannies and nanny shares are not cheap. Expect to pay at least $23 p/hour for a share, and good nannies will get more than that (i.e., $24/25 per hour)

[Anonymous]

I would just go ahead and join a existing share or start contacting families - this will give you a real idea of cost. Most people on this site inflate wages. But agree, nannies are not cheap period and even shares are expensive but worth it if you find the right fit!

[Anonymous]

MB here - you will definitely find that people inflate wages on this site. I live in Northeast DC and each family pays 10 dollars per hour, with a raise considered for the second year of service. In northwest I think wages will be more money, however. I would recommend going on your neighborhood list serv to find a nanny and when interviewing ask how much they charge. Interview a few nannies and that will give you the best idea. Good luck!

[Anonymous]

Anonymous wrote:MB here - you will definitely find that people inflate wages on this site. I live in Northeast DC and each family pays 10 dollars per hour, with a raise considered for the second year of service. In northwest I think wages will be more money, however. I would recommend going on your neighborhood list serv to find a nanny and when interviewing ask how much they charge. Interview a few nannies and that will give you the best idea. Good luck!

Perhaps the better nannies tend to be less shy about sharing their earnings. After all, the best nannies should be compensated accordingly, shouldn't they?

[Anonymous]

When I started 6 years ago with my current employer I was paid $20.00 per hour now I make $24 for one child plus health insurance . Right now I’m looking for a new family I have a offer for $24.00 for 2 kids (nanny share )plus insurance if I make more than 40 hours per week I’ll get paid over time is this reasonable? I hear in the neighborhood that for nanny share is $30.00? Is this right?