Child care costs: What to spend and how to save

Nov. 13, 2017: One of the biggest expenses for families of young children is child care. According to Care.com, 32 percent of families spend 20 percent of their household income on day care, nannies and babysitters.

CLEVELAND -- One of the biggest expenses for families of young children is child care.

We break down the costs and compare prices city by city.

According to Care.com, 32 percent of families spend 20 percent of their household income on day care, nannies and babysitters.

On average, across the nation, families spend $565 on a nanny each week.

After-school sitters get paid about $232 and child care centers average $211 a week.

Breaking it down closer to home, the average babysitter in Cleveland makes $14 an hour and the average in Akron and Canton is $13.50.

So how can you save?

If your employer offers it, open a dependent care flexible account. Some families can save thousands of dollars each year because that money is pre-taxed.

When it comes to date-night sitters, how much you pay depends on if it's a neighbor or a teenager watching.

© 2017 WKYC-TV


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment