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[quote=Anonymous]I think every parent hiring a nanny wants the best quality child care they can afford. We all want Marry Poppins. The reality is that there is only so much parents can afford.

If you are really rich -- you are not on care. You do agency, your managers searches for you, you use word of mouth.

If you are two working adults with about $200-300k annual income (which I think are likely majority of families trying to find a nanny on care), then depending on your expenses, $35-50K / year is all that you can afford for the nanny. Count the hours, account for taxes and overtime and this is how you get $15-18/hr rates... it is still much more expensive than a daycare. But if there are enough loving nannies that are happy with these rates, than that's what the going rate becomes.

If you are looking to make $70-80K as a nanny you should be looking for families that have at least $500K and not too many of them are on care.

Every time I hear nannies complain that parents don't pay high enough rates, I wonder if they did the math.
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