We know that child care is expensive. In fact, one recent report found that some parents are spending more on child care, than college! Now, an enlightening new survey reveals that more than one third of parents are shelling out 20 percent of their income on care for their kiddos.
The fourth annual Care.com's Cost of Care Survey looked at the child care habits of over 1,000 moms and dads across the country. Here are some of the stats researchers uncovered:
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This stat makes me especially sad: 20 percent of families say they had fewer children than they would have liked because of the high cost of child care, according to the report.
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Another metric the survey looked at was how affordable child care is by state. New Hampshire is most affordable for hiring a nanny, according to Care.com, while Mississippi is the least affordable. North Dakota is the most affordable state for daycare, and the District of Columbia is the least. And consider this: The average cost of center-based day care for infants is about $10,468 per year, while for toddlers, it's $9,733. A nanny costs more on average, at $28,905.