This is not great news.
Childcare is almost as much as rent in some U.S. cities — in others, it costs more
I own my home and for a few years, I had two kids in full-time facility daycare. The costs were staggering — around $2,000 a month. That’s almost double my mortgage payment, so if it were one child, the HotPad analysis ofwould be totally accurate. Which is beyond disheartening when you factor in the 45 hours per week I was away from my children only to spend double my housing payment in daycare costs.
But the average child care bill and the average rent being within spitting distance of each other is actually not the worst of it — in over a quarter of 48 metro areas analyzed, child care coststhan rent. For example, Pittsburgh-area renters spend an average of $255 more on a monthly basis for daycare than rent. That’s the biggest difference of any area analyzed, but in cities like Memphis, Louisville, Oklahoma City, and Buffalo, N.Y.
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