Post # 1
- Wedding: March 2014 - Chicago, IL
Well, I think our TTC timeline will get pushed back. We were going to try this fall, but the high COL in our new area has us worried how we can afford both rent and daycare. I’m thinking about trying to make practice daycare payments into a savings account for a few months to see if we can handle it. If not, we’ll obviously have to have a serious talk about how we can have a family while meeting career goals. We have an appointment with a financial planner in 2 weeks.
So, I’d like to know, how much is daycare per month where you live? What percentage of your monthly pretax income is it? I’d appreciate if those that do full time daycare (5 days a week/40 hours a week) could answer the poll. We don’t have any family or friends nearby to share in babysitting or childcare, so that is not an option.
Daycare here is $2600/month (Boston) and our rent is $3000/month. I have no idea how anyone affords to have kids here!!
Post # 2
We pay $1,000 a month ($242 a week) for our three year old. We are planning on trying for a second one when she’s no longer in daycare. We will know timing based on if she gets into the pre k program at the school where she will attend kindergarten. We have her in a daycare center and that price is average for our area. You might be able to find a lower cost in a different area, but that’s difficult because John don’t want it to be at the expense of the quality of care your child will receive.
I guess that’s about 2% of my pre tax yearly income, I’m not including my husband’s salary in that.
Post # 3
Daycare is $1400* a month for my one-year-old in St Louis, MO. We looked a few daycares that range from around $1,100-1,800 a month and picked one in the middle of the range. The cost goes down as my son gets older to $1,150 by the age of 3.
2,600 sounds very expensive to me. Have you explored multiple different daycare centers?
*1,400 a month is about 8% of our pre-tax income.
Post # 4
another Boston bee here and I FEEL YOU. While we both work in the city, we actually live about 10 miles out in a pricey suburb (we bought a fixer upper before the market went up otherwise we’d never afford it). We just upgraded from infant to toddler room so our monthly (for 5 days/week) cost for a daycare center dropped from $1798 to $1668. The new toddler rate is 12% of our pretax income. $2,600 sounds about right for in
the city though and I’ve seen even higher – I considered it because I wanted to bring her near work and nurse on breaks rather than pump but not at that price difference.
ETA: our price includes a center that is open 7a-6p, 2 snacks a day with milk. Parents are responsible for bringing formula/breastmilk and lunch. It’s $1/minute if you are late for pickup. It only works because my husband and I work slightly offset schedules (I’m 9-5 so I do dropoff and he’s 7-3 and handles pickup). Parents that work 9-5 in the city are pretty much screwed on pickup times.
Post # 5
$2,600 is actually mid-level for infant care at a center IN Boston. The suburbs are more reasonable.
Post # 6
Full time at nursery for my son would be £1400. We’re lucky that we have no mortgage or rent (inherited our house) but we live in London which is a high COL area. It’s a big chunk of my pre tax earnings.
Im pregnant with #2 and we’ve already decided that I won’t return after maternity leave this time as it will be too expensive and I’d be almost working for free having them both in nursery. When my son turns 3 we get 15 hours of free childcare a week from the government which we will use for preschool
Post # 7
Ours is $1450/month in Silicon Valley, which friends/colleagues with kids say is a great deal. It’s across the street from my office and he’ll be going M-F from 8-5:30 starting next Thursday when I go back to work. *sobs* Late pickups are $5 for every 10 min. It includes fresh food and formula, but LO’s still on breastmilk and only just starting solids. Ends up a bit less than 2% of our monthly income.
We also don’t have family nearby to help 🙁 I’m SO jealous of people that do.
Post # 8
- Wedding: August 2019 - City, State
Holy. F*cking. Cow.
No helpful suggestions (going to TTC in 3+ years) just amazement. Good luck, Bee.
Post # 9
We pay $225/week for a 3 year old. An infant is $279/week I believe.
We do have an FSA (I think that’s what it’s called) that gives us $5k pre tax through our work place.
I would guess it’s around 10% of our combined income.
ETA: when we have a second child we will probably be living paycheck to paycheck while they are both in daycare. We intentionally waited to TTC so it wouldn’t be too long of a time period, and we specifically put money away for the additional costs. It really sucks though.
Post # 10
- Wedding: March 2015 - City, State
We live in the Bay Area. We will be TTC in December, so I started looking at daycare prices. Hubby works in one of the tech companies and daycare there is about $3200 a month, with a one year waiting list at the moment!!
Our rent is currently under 2k a month, because we lucked out. But once we move to a two bedroom, rent will be closer to 3k amonth.
Guess who’s going to be a stay-at-home mom!!
Post # 11
HOLY SHIT. I also do not know how people afford that. Full time infant care in my area is approx. $1300/mo. which is our mortgage payment. And I thought that was bad.
Post # 12
For an infant in my area its around $310 a week for a nice center. Roughly $1250 a month. We utilize a dependent care spending account which gives us $5,000 a year pre-tax. You can find cheaper for in-home but we don’t do in-home, my son was always in a center.
We don’t have a child in daycare right now, my son is now in 4k and we have to pay for before and afterschool for him. That is about $200 a week (his 4k is only half day). Once he’s in kinder, it will go down to about $100 a week. We plan to TTC the end of this year which will hopefully have us having a baby around the time my son is in kindergarden.
Post # 13
No babies yet but I worked at a daycare that was $55 a day for infants so $1100 a month. Once they are toddlers the price goes down a little bit or if they’re part time it was a flat fee. My friend takes her 18 month old to one that’s $35 day 8-5 and that’s super reasonable. We also live in SoCal.
Post # 14
Why do you have to live IN the city? COL should be at least a little lower in the suburbs. Sacrifices will need to be made one way or another. Have no baby….or move and commute.
I have no real advice for daycare cost. But I do live in the NYC suburbs and am pregnant but plan to keep baby with me at home for at least the first few years
Post # 15
We’re just minutes from Philadelphia, and our daycare for a 2 year old is almost $1400/month for 5 days/week ($345/week), which like a PP said, is our mortgage payment. That is actually on the low end here in the burbs – most of the other daycares are around $400/week. A coworker’s daughter pays $500/week for an infant in a more affulent area. We only have 1 but are TTC #2 and I’m still petrified of how that’s going to work since I know it jumps to $600/week for two. With a discount. Brb, crying on the floor.
No advice really, other than you just have to cut back. We moved out of our condo in an affulent area into a more affordable home and I started budgeting and trying to cut back wherever we good. You have a good idea to start making payments to a savings account to see how it impacts your finances now – wish we had! You can also try to look into home centers, which tend to be much cheaper, and maybe even a nanny which sounds expensive but I know of a couple whose nanny costs the same as our daycare (we have nanny-sharing around here too, which I’ve heard is another good way to help save a bit).