We interviewed babysitters this week. Someone recommended a woman and we didn't tell her How much we were planning to offer before the interview (bad idea). DH asked what kind of salary she was looking for and she said $20-$25 an hour!!! That's $800-$1000 for a 40 hour week! We weren't even asking for cleaning. Just taking care of 1infant while i work in the next room and take nursing breaks. It's not like she even had formal training. My friend has a master's in education and doesn't get that much to nanny. We just hired someone else.
And sooner, not trying to start anything. Just kidding around.

DD1: born 1/19/11. DD2: born 10/10/13
Re: sooner's nanny has nothing on this
Yeah, we pay 10.50 an hour. For two kids. It really isn't that crazy at all for a 28 year old college-educated woman...
Eta: we live in a low-moderate cost of living area. Definitely not NYC!
Total number of hours per week, number of kids, ages of kids (are they going to be home all day or in school part of the day), education level of nanny, nanny experience, (in some situations) proficiency of nanny in English or whatever language you prefer, does nanny take kids out for activities outside the house or just hang out in the house all day... Etc.
I really do think that child care, at least to some extent, is one of those areas where really well qualified nannies know they are awesome and charge accordingly (and many parents pay as requested for that). Of course, there are always gems who charge less--but they are fewer and harder to find.
$20-$25 is the going rate for nanny's in the Boston area. Before we made our daycare decision, we looked at all options. $20-$30 was the range we found for most of the nanny's we would have considered.
I think the hourly wage of a nanny, much like any job, is very dependent on the geographic area. For example, as an accoutant and lawyer, I would definitely not make the same amount of money in Maine (where I grew up) as I do in metro-Boston.
In the same vain, my housing and general living costs would be much less in Maine than they are in metro-Boston. I think it all just kinda evens out in the end.
But you are right, it's always true you get what you pay for.
Bottom line: you get what you pay for. In some areas of the country, what you pay is significantly more than in other places. If they are asking the "going rate", there is nothing crazy about the price.
Also, I'm not about skimping on the person that is caring for my child 40+ hours per week. I'll happily cut back in other areas if it were an issue to make sure I have the best care for my child.
I sure don't. Now that I'm part time, that's pretty much my yearly pay. (in texas)
The bottom line is that we can't afford that much no matter how worth it. I can't hand over my entire salary.
We ended up hiring a 20 year old who babysits for 2 families. She wants to be Taylor swift and is figuring out her life. She's excited about bringing her guitar and doing asset projects with DD1. I think it's a good fit for us.
For many families, childcare is the largest immediate cost and I'm just surprised how many people are so shocked at the prices of childcare in general. Presuming that many (definitely not all) pregnancies are planned, isn't childcare something that was discussed prior to TTC?
There's a reason that I personally waited until I was 35 to have my first child. It was certainly not because it was "easier" by any means.