How Much Is Spent on Child Care 2024

How much are you spending on child care? Not only has quality child care become less available in recent years, it’s also become drastically less affordable.

A cartoon image illustrating budgeting for child care costs.
(Image credit: Getty)

The cost of child care has become a bigger issue for American families in recent years, amid rising inflation and other economic challenges. Prices have risen, putting families in a crunch and making it hard to estimate what a typical budget should look like. 

"When it comes to child care, there is no universal standard for what to spend because costs vary greatly depending on the market you are in and your family size," Jesse Mecham, founder of budgeting app YNAB, told Kiplinger. 

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Average Weekly Child Care Rates for One Child
Header Cell - Column 0 2019202120222023
Nanny$565$694$701$755
Child Care Center$215$226$268$293
Family Care Center$201$221$217$219
After-School Sitter$243$261$275$292

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Erin Bendig
Personal Finance Writer

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.