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New York child care costs highest in the nation

Two kids in full-time care eats up almost half the New York median income, Credio says
  • Childcare costs in the U.S. can be extremely high – ranging from 20 to 45 percent of median income for two kids in full-time care, Credio says.
  • To put one infant in a full-time New York child care center costs $14,144, comprising 26.04 percent of the median household income of $54,310 per year,
  • For a two-child household with one infant and one four-year-old, parents in New York spend $25,844, or 47.59 percent of the median household income.

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Many individuals and families have certain lifestyle budgets they accommodate for when determining how much home they can afford. But often times, childcare costs aren’t considered, especially for those who lock down a mortgage before they decide to have kids. Childcare costs in the U.S. can be extremely high – ranging from 20 to 45 percent of median income for two kids in full-time care, Credio says. In New York, child care costs are the highest in the nation. To put one infant in a full-time child care center costs $14,144, comprising 26.04 percent of the median household income of $54,310 per year, according to the report. Data is curated by credio.comFor a two-child household with one infant and one four-year-old, parents in New York spend $25,844, or 47.59 percent of the median household income. In a 2015 report by ChildCare Aware of America, an advocacy group that promotes equal access to quality childcare, 11 million children under 5 years old are in some for...