How Much To Afford A Nanny?

[Anonymous]

I am not sure if this is the correct forum to post, but being close to going back to work and working the options, we are wondering how high HHI is needed to afford a nanny? We will do everything above board, while potentially offering perks such as benefits and health insurance. I keep seeing threads saying a poster can’t afford a nany, and I’m curious. Do nannies also only prefer to work with wealthy families?

[Anonymous]

A good nanny gets paid well
Good salary
Health insurance
Gas money or car
Vacation
Sick days
Federal holidays
Bonuses
All this of course if she’s great with children
A great nanny can be almost 50k a year
To afford a good nanny you need to have good jobs

[Anonymous]

Anonymous wrote:A good nanny gets paid well
Good salary
Health insurance
Gas money or car
Vacation
Sick days
Federal holidays
Bonuses
All this of course if she’s great with children
A great nanny can be almost 50k a year
To afford a good nanny you need to have good jobs

That’s not what Op asked. Don’t post if you can’t even answer in the topic.

[Anonymous]

I actually prefer to work for families that aren't super wealthy. Obviously you can't be certain... but so wouldn't want to work for a fanily that had a staff. My last two families were in the 250-300k range.

[Anonymous]

I would say it's less a HHI, and more the income of the lowest earner. I agree that a good nanny is going to cost roughly $50k/yr, which is probably $80-90k pre-tax. I would say that the lower earner would have to make at least $100k to make it worth hiring a nanny over staying at home.

[Anonymous]

I don’t prefer to work with wealthy families. They can be very demanding and a little entitled and take advantage. Of course not all are like this though. I know the family I work for makes at least 6 figures. They live in a 1.2 million home so that’s kinda how I guess. Personally, I think income should be $150,000 + a year in order to live comfortably and be able to pay a nanny.

[Anonymous]

Anonymous wrote:I would say it's less a HHI, and more the income of the lowest earner. I agree that a good nanny is going to cost roughly $50k/yr, which is probably $80-90k pre-tax. I would say that the lower earner would have to make at least $100k to make it worth hiring a nanny over staying at home.

I agree. Lower earned should at least make the 6 figure salary

[Anonymous]

As a nanny it’s not that I exclusively want to work for wealthy families. I want to work for someone who can afford to consistently pay on time and doesn’t have money issues. I do prefer upper middle class bc they have the means to afford me and I’m never worried that I won’t get paid. They also don’t tend to have request outside of childcare duties. Plus they usually like to give bonuses and won’t nickle and dime you.

[Anonymous]

Anonymous wrote:I am not sure if this is the correct forum to post, but being close to going back to work and working the options, we are wondering how high HHI is needed to afford a nanny? We will do everything above board, while potentially offering perks such as benefits and health insurance. I keep seeing threads saying a poster can’t afford a nany, and I’m curious. Do nannies also only prefer to work with wealthy families?

In my case I do prefer to work for well-off families. I have also worked for extremely wealthy families and that wasn't for me (huge house staff and body guards). But families who earn a lot and are easy with money and my ability to spend some of that money on their child is definitely the way to go for me. My employers allowed me to set up a new outdoor play area for my charge and I can enroll her in any class I think will benefit her. I have no budget on books or groceries for my charge or art supplies. And I go on vacations with them. Iceland, Cuba and Costa Rica in the last three years. It is just easier to have freedoms like this in a position.

But hiring and keeping an educated and experienced nanny is expensive and not for every family or budget.

[Anonymous]

Op here. We ideally would like a nanny, but I’ve read some of the threads on here with nannies requesting $30 an hour. We are originally from the Midwest, but moved to VA, with an HHI of $350k.

[Anonymous]

Anonymous wrote:Op here. We ideally would like a nanny, but I’ve read some of the threads on here with nannies requesting $30 an hour. We are originally from the Midwest, but moved to VA, with an HHI of $350k.

Then find someone willing to take less if that’s too high

[Anonymous]

Anonymous wrote:I would say it's less a HHI, and more the income of the lowest earner. I agree that a good nanny is going to cost roughly $50k/yr, which is probably $80-90k pre-tax. I would say that the lower earner would have to make at least $100k to make it worth hiring a nanny over staying at home.

Sometimes it is worth spending the lowest income or more for a few years to preserve your place in the workforce. It’s a temporary burden.

[Anonymous]

Anonymous wrote:I would say it's less a HHI, and more the income of the lowest earner. I agree that a good nanny is going to cost roughly $50k/yr, which is probably $80-90k pre-tax. I would say that the lower earner would have to make at least $100k to make it worth hiring a nanny over staying at home.

I think the lower earner could make less. She (or he) might have to work a few years with loss of money to keep job, get benefits. There is a cost to stopping out and that should be taken into consideration. I think that staying home is not the alternative to Nanny, it is day care, nanny share etc.

[Anonymous]

For me, as a nanny of 15+ years, I want a family that pays me well. Don't like when a family ask for so much and dont want to pay. You can't ask for 15+ years and education and want to pay $22 or less. I just received an e-mail offering 70k for 12 hours a day for three children under six years old. Asking for cooking, laundry and more. Not all offers are good. Let the pay match what you are asking for. When you are looking for a excellent nanny pay well $18-22 for one child, $22-24 for two children, $25-$30 for three children with light cleaning.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would say it's less a HHI, and more the income of the lowest earner. I agree that a good nanny is going to cost roughly $50k/yr, which is probably $80-90k pre-tax. I would say that the lower earner would have to make at least $100k to make it worth hiring a nanny over staying at home.

Sometimes it is worth spending the lowest income or more for a few years to preserve your place in the workforce. It’s a temporary burden.

I think that's more myth than fact. Somehow I know many people who have taken a few years working very little in their field, either to take care of children, or deal with a cancer diagnosis, or write a novel, or follow a spouse, and they have all managed to come back to work just fine. The only people I know who had trouble were people who completely left and did nothing in their field for over a decade.