Child care cost as much as rent for many families at inflation’s peak, new data shows
According to recent Department of Labor data, many families have been essentially paying a second rent check to send their children to day care.
Although it is well known that child care prices have severely strained households nationwide, the federal data demonstrates how sharply these costs increased from county to county during the greatest inflation in four decades. In 2022, the most recent year for which data is available, families' average spending for full-day care for each child ranged from $6,552 to as high as $15,600.
According to the organization, the maximum level is several hundred dollars higher than the typical yearly rent for that year. Although incomes vary greatly across the nation, households generally spend between 9% and 16% of their yearly income on day care for each ...