I was just reading on another board about someone who was thinking about keeping one child in daycare and having a nanny for an upcoming new baby for a total of around $50,000. Holy sticker shock! I'm assuming this person was probably in a more HCOL area and, therefore, perhaps the parents salaries are more inline with being able to pay that but it was kind of amazing to me. My husband and I do pretty well but there's no way we could dedicate that much money to just childcare. We use one of the most expensive centers in our area as it is and now the $1500 a month that we pay seems like nothing compared to that! A friend of mine (who actually is extremely wealthy) just enrolled her children in, probably, our state's most renown private school and the tuition is still under $50k for both kids (at least until they hit middle school). Even that seems crazy to me.
Am I the only one kind of amazed by that number? Do you live in a high, medium or low cost area? What do you pay? Ultimately, we'll never really have to worry about numbers that high anyway with our single children, thank goodness!
Re: What do you pay for child care?
That is insane. If we had to pay $50,000 for daycare, it would make more sense for me to stay home.
We live in a low cost of living area (I think, compared to other towns nearby it is probably more medium). I pay $150 a week for an in home daycare and that's about average.
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Throwing leaves
That's insane. We pay about $140/wk in a MCOL area.
It's a big shock and a change for us. We just moved from a LCOL area. DH watched DS and worked at home for a whole year. Then we had a babysitter 2 days per week who was fantastic and cost $8 per hour.
When we lived on the East Coast we paid $300/month for infant care - we were further out from the city so paid much less than if we lived closer.
We moved to the Midwest last year and paid $215/week for infant care - and that was probably on the higher side from all the ones we looked at.
Both were in large centers
In the past I paid 660 a month for preschool and over 1000 a month for infant/toddler care. Preschool was in a traditional preschool setting.