Daycare prices? Some actually seem reasonable

posted 2 months ago in The Lounge
Post # 2
Member
20 posts
Newbee
  • Wedding: March 2019

Where I live, a decent daycare is $1500-1800/month per child. That divides out to $8.65-$10.38/hour. While that doesn’t seem like a lot, a $400k mortgage at 3.5% is $1800/month. Imagine having multiple kids and a house… it adds up. 

Post # 3
Member
2012 posts
Buzzing bee
  • Wedding: May 2016

$500 for 3 is amazing price wise, where i live its almost $500 for one kid……. 

Post # 4
Member
981 posts
Busy bee

I’m not sure what you’re really wanting out of starting this thread.

 

It’s entirely possible for $500/week to be:

1) reasonable from a $ per hour per child value

AND

2) something to complain about because it either takes almost the entire parent’s take home pay to cover it or is causing the family to delay saving for college, retirement, a house, or slashing their fun money to the bone.

Post # 5
Member
4972 posts
Honey bee
  • Wedding: January 2017

gatsbymermaid :  depends on their income. I know that many families can qualify for childcare subsidies when it’s needed and even $500 per week can be a lot for a family of 5. 

Post # 6
Member
663 posts
Busy bee
  • Wedding: October 2017

$500 per week is basically my entire income after taxes…

You don’t know their financial situation. The cost of child care is the main thing stopping my husband and I from TTC. 

Post # 7
Member
1005 posts
Bumble bee
  • Wedding: January 2019

I mean $500/week would be 4/5th of my mo that take home pay so I would complain ….. 

Post # 8
Member
1299 posts
Bumble bee
  • Wedding: June 2016

Around here daycare for ONE infant starts at ~$450 a week for anything with drop off/pick up hours outside of 9 –  5.  Most places are closer to $500. And I’m in the suburbs, the options downtown are even more scary.

However the wages around here are above average as well because it’s a HCOL area. Absolute numbers mean nothing, it all depends what that value is relative to the average income in the area (and her families income in particular).

Post # 9
Member
2438 posts
Buzzing bee
  • Wedding: July 2018

We pay like $550 a month for daycare for our baby for 4 days a week. I would sure as shit complain about spending $2000 a month on daycare. That’s significantly more than our mortgage. I know a lot of people do it, but it still sucks and it’s still worthy of complaining about!

Post # 10
Member
7449 posts
Busy Beekeeper
  • Wedding: June 2013

Around here it’s like $800 a month for one child but I believe many places give “discounts” as you add children to their care so it doesn’t just triple.

That being said, think about that cost per year, $26,000. When you take take taxes into account in my state, a $31,000 salary is needed just to pay for that childcare. Then you find out the median household income is $56,000 and start to understand why that might be a struggle. 

Just because your sister pays way more for a nanny doesn’t necessarily make $500 a week reasonable or affordable. Why not show a genuine interest and ask about it instead of silently judging?

Post # 11
Member
1268 posts
Bumble bee

Affording daycare is one of the most stressful things for any working parents. I wouldn’t begrudge any parent to complain about it, even if it it ‘reasonable’. Finances take a big toll on people. Allow them to vent if it’s not weirdly excessive. 

Post # 12
Member
5754 posts
Bee Keeper
  • Wedding: July 2018

At least you didn’t say anything, you sound a bit out of touch.  What one person thinks is “reasonable” to spend on daycare, or food or vacations doesn’t mean it is reasonable or easily affordable for others.  

You make it sound like 2k+ a month is nothing for a family to spend in a month on one single expense. 

Your sister pays $600 a week for a nanny? Big deal, my friends also own an 80k car, that doesn’t mean it is reasonable for me to buy one just because they did, it is totally irrelevant. 

Post # 13
Member
41 posts
Newbee
  • Wedding: May 2014

I will be paying $150 per day for one child starting next week. Will only be having my daughter there two days a week since I can’t justify the cost whilst I’m not working. I’ve waited this whole year to find her a place somewhere. Ugh. 

$500 May be comparatively cheap for 3 kids but it’s still a significant chunk of change. 

 

Post # 14
Member
1619 posts
Bumble bee
  • Wedding: August 2018 - Location

She pays $2000/month total for three kids?

where I live that’s the cost of ONE.

 

not that I think that’s a good thing. I believe daycare should be subsidised big time to 

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