Jon Brady
2024-05-18 08:19:05 UTC
NASHVILLE, Tenn. (WTVF) A new study shows your child's daycare costs
more than rent and mortgage in almost every state. It has some groups
demanding change.
Child Care Aware of America says in a reportthat childcare continues to be
a major financial burden for many parents. They found that placing two
kids at a childcare center cost at least 25% more than the typical rent,
on average, in every state in the US, and the District of Columbia last
year. The price tag exceeded annual typical mortgage payments in 45
states.
According to their data the average annual childcare price for two
children in Tennessee, like an infant and a 4-year-old, is more than
$22,374. The average cost of housing sits at just over $17,388 and average
the average cost of tuition sits at $10,889.
The median income for a single parent family is $32,374, which means
childcare would use 36-40% of a single parent's income.
Child Care Aware says we're seeing these high prices because many
childcare providers have closed their doors since 2020 or jacked up their
prices to retain their workers and maintain a safe environment.
The nonprofit recommends that lawmakers prioritize childcare in every
state and increase funding for the system so families have more subsidies,
lowered costs of childcare, and increased access and supply.
They say this is a challenge should not be ignored so that families are
not priced out of the system.
https://www.newschannel5.com/news/a-new-study-shows-daycare-costs-more-
than-rent-and-mortgage-in-almost-every-state
more than rent and mortgage in almost every state. It has some groups
demanding change.
Child Care Aware of America says in a reportthat childcare continues to be
a major financial burden for many parents. They found that placing two
kids at a childcare center cost at least 25% more than the typical rent,
on average, in every state in the US, and the District of Columbia last
year. The price tag exceeded annual typical mortgage payments in 45
states.
According to their data the average annual childcare price for two
children in Tennessee, like an infant and a 4-year-old, is more than
$22,374. The average cost of housing sits at just over $17,388 and average
the average cost of tuition sits at $10,889.
The median income for a single parent family is $32,374, which means
childcare would use 36-40% of a single parent's income.
Child Care Aware says we're seeing these high prices because many
childcare providers have closed their doors since 2020 or jacked up their
prices to retain their workers and maintain a safe environment.
The nonprofit recommends that lawmakers prioritize childcare in every
state and increase funding for the system so families have more subsidies,
lowered costs of childcare, and increased access and supply.
They say this is a challenge should not be ignored so that families are
not priced out of the system.
https://www.newschannel5.com/news/a-new-study-shows-daycare-costs-more-
than-rent-and-mortgage-in-almost-every-state