Reply to Fair Pay Considering Nanny is Live in and her Housing Expenses are covered?

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[quote=Anonymous]I think the reality lies somewhere in between.

You can't directly consider the cost of a pricey apartment in a nanny's compensation package. Otherwise, she'd owe you money! The reality is, someone making $1000 or so a week wouldn't be spending $2500/month on an aparement. So, while it's a great perk, there's a point at which a nice live in situation doesn't lower the cost of a live-in nanny, it only allows you to attract a better one.

On the other hand, what you are quoted sounds like live-out rates. You need someone who actually wants to live-in and is comparing live-in positions. Not someone who considers it neutral, or even a drawback.

It will definitely make the most sense, fincancially, to continue to rent out the apartment and pay top dollar to a quality live out nanny. If, however, you are getting other intangible benefits from a live-in, and would prefer that, consider that a perk back to you. Live-in rates, in generally, shouldn't be more than 2-4$ (tops) less than what you would pay a live out nanny. [/quote]

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