What do you pay per year for daycare?

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Casper
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What do you pay per year for daycare?

Post by Casper » Wed Feb 03, 2016 9:40 am

Every year we get a receipt from our daycare provider that lists the total amount we paid them the prior year (for tax purposes). Seeing that number on a slip of paper is a real eye-opener.

We paid just over $20,000 last year for daycare for two children. One is age 4 and goes to preschool five days a week, and the other is almost 2 and goes three days a week (the cost is only marginally lower for "part time" versus "full time"). They're at daycare generally from 7:30am to 5:30pm. We're in the Philadelphia suburbs.

I'm curious about what other people are paying for daycare? Feel free to provide any details (like days per week, location, etc.) that might be relevant.

I have to say that even given the cost, I feel like it's worth it. I'm not complaining about the cost at all. That said, I'm looking forward to a few years from now when I'm not paying for it! (Recognizing that there will still be childcare-related costs even then; they're highly unlikely to reach $20k per year).

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TxAg
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Re: What do you pay per year for daycare?

Post by TxAg » Wed Feb 03, 2016 9:47 am

About the same here in Dallas

ktd
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Re: What do you pay per year for daycare?

Post by ktd » Wed Feb 03, 2016 9:51 am

Twins 3 year old full time preschool Monday to Friday. It is a big center and we pay $900 a month or $10,800 a year. This is 25 miles outside of DFW.
Last edited by ktd on Wed Feb 03, 2016 9:52 am, edited 1 time in total.

Rudy63
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Re: What do you pay per year for daycare?

Post by Rudy63 » Wed Feb 03, 2016 9:52 am

$30K :shock:

One 2.5 y/o
One 6 month old

Typically they are there from 0800-5:45ish (although we could have them there from 0700-6), and either 4 or 5 days a week, depending on our schedules. This is an in-home (not a Daycare 'center') daycare.

It's our largest expense, but I agree, I feel it's worth the cost if you are in a good daycare situation (we love ours.) When #2 was born, we were debating getting a nanny, but we thought the odds of getting the same quality of care (on our first hire) was low. We are in the Northern Virginia Area.

flyingbison
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Re: What do you pay per year for daycare?

Post by flyingbison » Wed Feb 03, 2016 9:56 am

We pay a little over $5k per year for one child, just 2 days a week.

Userdc
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Re: What do you pay per year for daycare?

Post by Userdc » Wed Feb 03, 2016 10:17 am

We have 12 hours/day of in-home care for two toddlers, plus preschool for both in NY Metro.

Nanny Salary + health care + (a lot of) taxes + payroll service + preschool tuition is north of $70K/year.

robebibb
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Re: What do you pay per year for daycare?

Post by robebibb » Wed Feb 03, 2016 10:24 am

We pay $24k a year for full time daycare (open 7-6) for a 3 y/o & infant in Atlanta metro area. Our school is in the middle of the pack tuition wise for intown preschools. We were lucky to get a spot at all for our 1st newborn (second was given priority admission due to his older brother).

dsmil
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Re: What do you pay per year for daycare?

Post by dsmil » Wed Feb 03, 2016 10:26 am

$0 because we decided that my wife would stay home. But for price comparison, daycares were quoting us at around $1,400 per month for an infant in Maryland.

BackOfTheNet
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Re: What do you pay per year for daycare?

Post by BackOfTheNet » Wed Feb 03, 2016 10:56 am

2 kids (4.5 and 2.5) in a pretty inexpensive church daycare full time is $12,000 per year.

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Toons
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Re: What do you pay per year for daycare?

Post by Toons » Wed Feb 03, 2016 11:01 am

dsmil wrote:$0 because we decided that my wife would stay home. But for price comparison, daycares were quoting us at around $1,400 per month for an infant in Maryland.



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psystal
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Re: What do you pay per year for daycare?

Post by psystal » Wed Feb 03, 2016 11:06 am

We have one infant going full time now, and it's just over $12,000 per year. Closer to $15,000 isn't unusual for our area (30 minutes outside of Pittsburgh). We'll get a whopping 10% discount on our oldest child's tuition when we have a 2nd child!

It's absurd that there aren't better tax deductions for this. We're fortunate to have employer FSA's, but even that caps at $5,000. That doesn't even consider half of the cost. For your typical family, the tax code obviously encourages one parent to leave the labor force. We're doing just fine financially, and it hurts. How do people even afford kids at the median US income levels?

stoptothink
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Re: What do you pay per year for daycare?

Post by stoptothink » Wed Feb 03, 2016 11:15 am

Almost 4yr old and 9-month old. Right now it is $1680/month in Utah, which apparently is really cheap compared to the rest of the country.

Luke Duke
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Re: What do you pay per year for daycare?

Post by Luke Duke » Wed Feb 03, 2016 11:17 am

Between $12K-13K/yr for two kids full-time. I'm in Dallas.

TMCD75
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Re: What do you pay per year for daycare?

Post by TMCD75 » Wed Feb 03, 2016 11:20 am

These are staggering numbers, mind boggling to be honest. We home school our 7 year old, it's been a good decision thus far.

To be able to afford 25k a year for daycare tells me that you must have a big salary. We pay $65 dollars per week when our son goes to his daycare and it's an excellent place.

Casper
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Re: What do you pay per year for daycare?

Post by Casper » Wed Feb 03, 2016 11:21 am

dsmil wrote:$0 because we decided that my wife would stay home. But for price comparison, daycares were quoting us at around $1,400 per month for an infant in Maryland.

Did your wife leave her job to stay home with the kid(s)?

Hikes_With_Dogs
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Re: What do you pay per year for daycare?

Post by Hikes_With_Dogs » Wed Feb 03, 2016 11:22 am

Close to 20k/year for kindergarten prep in the Seattle area (4-5 yr olds).

Cuzz35
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Re: What do you pay per year for daycare?

Post by Cuzz35 » Wed Feb 03, 2016 11:26 am

TMCD75 wrote:These are staggering numbers, mind boggling to be honest. We home school our 7 year old, it's been a good decision thus far.

To be able to afford 25k a year for daycare tells me that you must have a big salary. We pay $65 dollars per week when our son goes to his daycare and it's an excellent place.


That is how I feel. My wife is a stay at home mom. Our con goes to a church pre-school that costs us just over $200 a month for 5 days a week for 4 hours. She's an RN and would make about $60k if she decided to work. So a daycare costing $30k a year would make the second job pointless and only add unnecessary stress to our lives. To each their own.

betterfinances
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Re: What do you pay per year for daycare?

Post by betterfinances » Wed Feb 03, 2016 11:31 am

Cuzz35 wrote:Our con goes to a church pre-school that costs us just over $200 a month for 5 days a week for 4 hours.


Your "con"? :D

stoptothink
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Re: What do you pay per year for daycare?

Post by stoptothink » Wed Feb 03, 2016 11:32 am

Cuzz35 wrote:
TMCD75 wrote:These are staggering numbers, mind boggling to be honest. We home school our 7 year old, it's been a good decision thus far.

To be able to afford 25k a year for daycare tells me that you must have a big salary. We pay $65 dollars per week when our son goes to his daycare and it's an excellent place.


That is how I feel. My wife is a stay at home mom. Our con goes to a church pre-school that costs us just over $200 a month for 5 days a week for 4 hours. She's an RN and would make about $60k if she decided to work. So a daycare costing $30k a year would make the second job pointless and only add unnecessary stress to our lives. To each their own.


When you factor in SS, availability of 401k, possible tax credit, and not having a several year gap in the resume, it doesn't make the second job pointless. At $45k/yr we decided that my wife was going to stay home with our two kids, at $80k it was a no-brainer that she was returning. And, as mentioned in the other daycare thread, for some families it is a better situation overall (for the child development, mental health of the parents, etc.) regardless of the financial cost.

mattshwink
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Re: What do you pay per year for daycare?

Post by mattshwink » Wed Feb 03, 2016 11:33 am

1 child, Fairfax County, VA: $15,457.08. This includes breakfast, lunch, and two snacks per day. She is typically there from 7:30AM-6:00PM.

Very happy that she turns 5 this year so costs should drop substantially - though the above is for 12 months. Starting in September 10 months of after care (including spring break and winter break, so September-June) will cost $4,472. Hours would be after school until 6:15PM. Summer is currently $1989 (one week in June, all of July, 3 weeks in August from 7AM-6:15PM). So total would be $6,461 (almost a 60% reduction, although we would be providing breakfast). It will be like getting a raise :) My wife gets two weeks of childcare (they come to the house) for free. So hopefully that is where we will fill the August gap (before school starts). We also likely will do a week of vacation in the summer, so it should knock ~$250 off (not doing that week).
Last edited by mattshwink on Wed Feb 03, 2016 11:54 am, edited 1 time in total.

betterfinances
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Re: What do you pay per year for daycare?

Post by betterfinances » Wed Feb 03, 2016 11:33 am

TMCD75 wrote:These are staggering numbers, mind boggling to be honest. We home school our 7 year old, it's been a good decision thus far.

To be able to afford 25k a year for daycare tells me that you must have a big salary. We pay $65 dollars per week when our son goes to his daycare and it's an excellent place.


Where do you get daycare that costs $3000 per year? Is it full time or part time? It is subsidized by the state or federal government? What's the catch?

fund
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Re: What do you pay per year for daycare?

Post by fund » Wed Feb 03, 2016 11:34 am

We have one child, a toddler now, currently in daycare two days per week - that was all we were able to get (we're still on years-long waitlists). The grandparents take care of the other three days per week. The cost is $1,000/mo for those two days at the center, so $12K/yr.

Beginning in the autumn we should be able to get into five days per week at the center. That's $2,000/mo, or $24K/yr. Ouch.

flyingbison
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Re: What do you pay per year for daycare?

Post by flyingbison » Wed Feb 03, 2016 11:35 am

TMCD75 wrote: ... We pay $65 dollars per week when our son goes to his daycare and it's an excellent place.


For how many hours per week?

Casper
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Re: What do you pay per year for daycare?

Post by Casper » Wed Feb 03, 2016 11:35 am

Cuzz35 wrote:
TMCD75 wrote:These are staggering numbers, mind boggling to be honest. We home school our 7 year old, it's been a good decision thus far.

To be able to afford 25k a year for daycare tells me that you must have a big salary. We pay $65 dollars per week when our son goes to his daycare and it's an excellent place.


That is how I feel. My wife is a stay at home mom. Our con goes to a church pre-school that costs us just over $200 a month for 5 days a week for 4 hours. She's an RN and would make about $60k if she decided to work. So a daycare costing $30k a year would make the second job pointless and only add unnecessary stress to our lives. To each their own.

I agree that it's a little shocking. We decided it was worth it after weighing all of the factors (social, educational, financial, and whatever else).

MDfive21
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Re: What do you pay per year for daycare?

Post by MDfive21 » Wed Feb 03, 2016 11:36 am

in Houston, we paid $850/month for one kid at small but tightly run montessori learning cottage. there was one rate for the whole day, unlike a lot of places that charge extra for early or late care. we needed early care. they opened at 7:15am and closed at 6:30pm but we usually picked up around 4pm.

annually that's $10,200 for one kid.

vtjon
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Re: What do you pay per year for daycare?

Post by vtjon » Wed Feb 03, 2016 11:40 am

We pay about $14,500 for two kids that are 4 and 11 months. This is a full-time regular daycare/pre-school (7:30-5:30ish) that has good teachers and they provide lunch. We're a LCOL college town. Two infants would be around $1350/month

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Watty
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Re: What do you pay per year for daycare?

Post by Watty » Wed Feb 03, 2016 11:41 am

psystal wrote:It's absurd that there aren't better tax deductions for this. We're fortunate to have employer FSA's, but even that caps at $5,000. That doesn't even consider half of the cost. For your typical family, the tax code obviously encourages one parent to leave the labor force. We're doing just fine financially, and it hurts. How do people even afford kids at the median US income levels?


Don't forget that you likely get an extra personal exemption for the kid of $4,000 and a $1,000 child tax credit. It is not uncommon for average income people with a several kids to pay no federal income tax.

This can either be used to help make daycare more affordable or to make having a stay at home parent more affordable..

mirror
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Re: What do you pay per year for daycare?

Post by mirror » Wed Feb 03, 2016 11:44 am

$0

Spouse works part time and grandparents live close.
There are two types of people: those that can extrapolate from incomplete data.

Chadnudj
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Re: What do you pay per year for daycare?

Post by Chadnudj » Wed Feb 03, 2016 11:46 am

About $1800 per month ($21,600 per year) for day care for a 16-month old, five days a week (most weeks he's only in 4 days), from about 8 am - 6 pm, in Chicago. Includes his meals and cloth diapering service.

It's a big expense, but taxes and my job's $5k-maximum Dependent Care FSA account help a bit, and my spouse still makes more than that after taxes (plus she enjoys her job, is providing health care for her and the baby more cheaply than I could via my job, is contributing to a 401k, and continuing to earn money towards a higher SS payment down the line when we/she retires).

When/if we have kiddo number 2, we'll have to revisit everything, though....at that point, it may make sense for her to stop working, although our kid would miss out on the great socializing/educational benefits of his daycare (Spanish, music, reading, yoga...the kid has it pretty good, and we've been impressed with what he's learned at school).

dsmil
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Re: What do you pay per year for daycare?

Post by dsmil » Wed Feb 03, 2016 11:51 am

Casper wrote:
dsmil wrote:$0 because we decided that my wife would stay home. But for price comparison, daycares were quoting us at around $1,400 per month for an infant in Maryland.

Did your wife leave her job to stay home with the kid(s)?


Yes, she left her teaching job to stay home with our child and we see ourselves sticking with this plan until all of our future children are in elementary school (or longer depending on how things shake out). The net effect is $1k less money for us per month, but she has always wanted to stay at home, and we are very happy with the decision so far.

psystal wrote: It's absurd that there aren't better tax deductions for this. We're fortunate to have employer FSA's, but even that caps at $5,000. That doesn't even consider half of the cost. For your typical family, the tax code obviously encourages one parent to leave the labor force. We're doing just fine financially, and it hurts. How do people even afford kids at the median US income levels?


I totally agree! You would think that the government would make things even easier so more people are in the workforce and paying taxes. But I would think that this has been looked at many times before and they don't see the benefit in giving any more tax breaks. People complain that daycare is expensive but when you consider the time and effort commitment that is made everyday, it really isn't unfairly priced.

thomasbayarea
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Re: What do you pay per year for daycare?

Post by thomasbayarea » Wed Feb 03, 2016 11:52 am

$1500/kid/month - SF Bay Area

yoga
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Re: What do you pay per year for daycare?

Post by yoga » Wed Feb 03, 2016 12:03 pm

22k/year for a 2 y/o (full time) and a 5 y/o who is only there half the day (the other half of the day 5 y/o is in public K)

PugetSoundguy
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Re: What do you pay per year for daycare?

Post by PugetSoundguy » Wed Feb 03, 2016 12:09 pm

Two years ago, we were paying just over $20,000 per kid per year in downtown Seattle. It's even more now. It's a shocking number, and we scoured the area for alternatives. With our work schedules and locations, nothing else worked out. Daycare outside of the downtown area would have been somewhat less. And there was a waiting list to get in this place! It was nice to stop writing those checks. Of course there are other, different checks now. :) Kids are expensive!

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Re: What do you pay per year for daycare?

Post by Alex Frakt » Wed Feb 03, 2016 12:10 pm

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