Just because the ohter one is kind of far down the page, I have a follow up question for the people that were/are live-out nannies.
If it's not too invasive of a question, what was your hourly rate?
This is our plan, too, but I'm planning to hire my 18 year old sister to do it. She starts college in August, so the timing is great. I'm hoping to pay her a flat rate of $110 per week for three days a week (less than 24 hours per week). It's the same as what we would pay for the center we have picked out. Basically, the plan is that if that's not enough for her, we will opt for the center instead.
Re: Another live-out nanny question
I made a *** load as a nanny. I was making 15/hr and anytime i was the for a 24hr period, it was a flat rate of 150$. I was working and average of 50-60hrs a week.
Wow! Sheesh, we are not in that position. I guess our situation is different then because she is my sister. I'm probably going to go with the if she doesn't want the job, then we are going with the day care we found instead plan.
Thanks! Your job now makes me think I'm not all that far off for my area.
It definitely depends on the area! Here in MA you can go up and down the coast and the rates fluctuate wildly...I was making $15/hr in the more affluent suburbs...
We are looking at a Live- In for that reason...Cost of Living is horrendous...a 1 BR Apartment in Boston w/o Utilities is $1300/ mth so you can imagine how much one has to make to stay afloat...
From my research, price varies a lot by region. In our area, I think $20 per hour is standard for a live-out nanny.
I know it's your sister, but $110 for 24 hours per week isn't even minimum wage. If you take taxes and SS out, that puts her even lower. If you don't take those things out, aside from possible legal issues, she could end up owing taxes at the end of the year and she doesn't get credit for working in terms of SS eligibility down the road.