Child Care Costs Could Add up to
10 - 15% of a Family’s Income
Child care costs vary depending on the type of care, the age of the child and even where you live. There are so many elements that determine the cost of child care that it’s very unlikely that you will be paying the same as someone in another state, another city in your state, or even most people in your own city!
Child Care Aware, The National Association of Child Care Resource and Referral Agencies published a report; “Parents and the High Price of Child Care: 2010 Update" which includes this list of the average annual cost of full-time care by state. Click on the link to the right for the full report.
Hopefully, this will give you a starting point in figuring out what your daycare costs might be.
“Affordable” daycare is often a contradictory term and many families simply cannot afford to pay for child care. The good news is, there are resources out there if you need help paying for it. I will talk about each of them and give you a general idea of what the eligibility criteria might be.
One resource is Child Care Subsidies. Another is Employer Sponsored Child Child Care Benefits.
Happily, there are options available to most families regardless of income, they just need to find out what they are and take advantage of them. My personal favorite is the child care tax credit. But there are others as well.
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