Cost of kids in HCOL area

posted 4 months ago in Finances
Post # 2
Member
5557 posts
Bee Keeper
  • Wedding: October 2017

Washingtonian :  does your area have a pre k program? Our district has a full day pre-K program and our daycare expense is ending a full year before kindergarten… minus after care which will be a fraction of what we pay now

That hasn’t happened yet, but I’ve seen people talk about the cost of sports and other school activities. I haven’t experienced that cost yet but I’ve seen it mentioned. I can’t imagine it would cost the same as daycare though

Post # 4
Member
7856 posts
Bumble Beekeeper

Washingtonian :  are you expecting twins? That’s a pretty big jump for one extra kid! I’m in Boston and also spend $20k for one kid, but it will go to about $38k when we have another one. Our daycare offers a 10% discount on the oldest sibling’s tuition if you have more than one kid there. It isn’t well advertised – I know because of friends that have 2 kids in the same daycare. 

Once they are in kindergarten the cost will definitely go down for afterschool care. Whether you decide to pay for a ton of extra curriculars though is up to you! 

Post # 6
Member
5557 posts
Bee Keeper
  • Wedding: October 2017

Washingtonian :  ours does this too, a 10% discount on $20k is a discount of $2k, so the sibling would be $18k instead of $20k

It doesn’t help us enough to afford to have two in daycare, the discount is nice but not helpful for us for two at the same time 

Post # 8
Member
7856 posts
Bumble Beekeeper

Washingtonian :  by the time our second comes around (hopefully next summer!) our oldest will be moving from the toddler room to the pre-school room so her tuition reduction plus the discount will make her about $5,500/year less than we currently pay. So they’ll be $14,500 and $22,500 respectively (ish – I’m sure rates will get a small inflation increase like they do every year). Is your oldest going to be moving classrooms before the new baby comes? 

Post # 9
Member
549 posts
Busy bee
  • Wedding: September 2020 - Summer Camp!

Ugh, we’re moving to the DMV and scratching our head at how we’ll afford it… I know DC is trying to make universal happen, which would be so helpful for families (and society as a whole). 

Post # 11
Member
7856 posts
Bumble Beekeeper

Washingtonian :  oh that’s interesting! Ours is by room (which is roughly by age, obviously) because the teacher student ratios get bigger from infant, to toddler, to preschool so they have more kids per class as they get older. Based on talking with friends and my own math I think we’re going to have about 2 years of really high daycare cost but then the oldest will ship off to kindergarten and it will go way down. It’s going to be a little tight but knowing that it’s short-lived makes it feel less daunting. 

Post # 12
Member
7775 posts
Bumble Beekeeper
  • Wedding: October 2010

Costs will go down somewhat when one child goes to school, but there are always summers, school breaks, before and after care, snow days. And that’s for years. I stopped working when my oldest was 10 and my youngest was 2. It was getting ridiculous paying such a huge chunk of my paycheck to childcare. We live in Maryland- so close to you.

Post # 13
Member
9419 posts
Buzzing Beekeeper
  • Wedding: August 2012

Are you going to need before/after school care? Around here the schools offer it and it’s much cheaper than daycare, but still an expense. 

Then there’s still the summers to deal with. Plus older kids will probably want to do activities etc.

Post # 14
Member
876 posts
Busy bee
  • Wedding: August 2012

Washingtonian :  Yes and no. I have a 6 year old, a 4 year old and a baby. My 6 and 4 year old are in expensive extra curricular activities. Also you will likely need to pay for before or after care when they are in public school unless you only work school hours. There will always be something with kids! We used to live in the suburbs of NYC but we moved to Raleigh area NC about 2.5 years ago for lower COL and better quality of life. 

Post # 15
Member
9174 posts
Buzzing Beekeeper
  • Wedding: October 2013

right now i pay about $13k for 1 child for 3 full days a week. (not including the price for camp which is 6 weeks in the summer, at the same place)

he moves to the 3’s room in september.  he will start going 5 full days and the price increase in only $50 more per week.  it’s cheaper the older you are.

my daughter will start 3 days a week in january after she turns 2.  for us , we will get a total 10% discount for both kids, not a 10% on just her portion.

 i am just north of you.

 

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