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Reply to "Is it possible to hire a FT nanny for around $30K?"
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[quote=nannydebsays]First, I think you need to consider the fact that a nanny will be providing care to only your 2 kids. Daycares, even with the best ratios, your baby will be one of 3 his caregivers are responsible for, and your older child will be one of 6+ per caregiver. So, comparing day care to nanny care is ineffective on a cost basis. If all you can manage is 30K total, then you need to take 4K off the top to cover your share of taxes, employer costs, the costs of a nanny tax service, etc. That leaves you with 26K to pay the nanny. In a very low COL area, you might possibly find a nanny for $500/week. In a high COL area, that's not likely, unless you are ok with a nanny with little experience, and can have a LI nanny. $500 for 43 hours a week is very little money. You will likely be better off using day care.[/quote]
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