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[quote=Anonymous][quote=nannydebsays]The cost will depend on how educated and experienced of a nanny you want. If you'll be happy with, for example, a younger woman who currently works for less than $10/hour in a daycare, you will likely be able to offer her $12 - $13 to start. If you need the typical amount of nanny hours a week, say 50 - 55, you will pay between $660 and $812.50/week gross wages, with overtime after 40 hours.

However, if you want an experienced nanny, you may see rates around $17/hour, which raises the cost to between $935 and $1062.50. Plus, to legally employ a nanny you will be paying about 10% of her wages above and beyond her pay toward YOUR tax obligations.

No idea how expensive daycare is in your area, but it's generally not actually going to cover the cost of a nanny. That usually begins to kick in when you add a third child to the mix. For example:

1 child - nanny = $660, daycare = $250
2 children - nanny = $750, daycare = $450
3 children - nanny = $850, daycare = $650[/quote]

Daycare centers in most major northeast cities range between 350-450 for one child and some offer a sibling discount. Home daycares would be around the rates you suggested[/quote]

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