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How Much Does A Nanny Cost?
Close your eyes, take a deep breath and take in the sights and sounds of the average daycare center. Imagine the crying, the running noses, the snacks with less than ideal foods and overworked teachers. Now imagine, for less than you pay for daycare, you come home to an up-kept house with your laundry done, your children smiling and dinner started. No more bringing home sick and exhausted kids who have limited adult interaction and little personal guidance during the day. I will share with you how you can have the wonderful, loving care of a nanny with a salary that's less than you pay for day care.
I can’t tell you how many times I have had to dispel the idea that having a live-in nanny is only for the wealthy. The assumption is that nanny salaries are so expensive that the “average” family just can’t afford having a live-in nanny. This just isn't true! I have shown in a previous article, “Nanny vs. Au Pair – The Costs and Benefits” that hiring one of
YCN’s nannies is actually less expensive than the average au pair and agency fees and now you will see that your nanny's pay will be less than putting your child in day care as well.
According to the US Department of Labor, average day care costs in the US are as follows:
Assuming full-time day care for a 2 year old child on weekdays, according to Runzheimer International, the U.S. national average cost for full-time day care is $611 a month. Large cities such as San Francisco and New York are much more expensive, with average daycare costs of a little more than $1,000 a month. Contacting two KinderCares in the Los Angeles area about infant day care, we received quotes of $300-$330 a week, plus annual fees. Most of our families are in urban areas, meaning the average for two children in daycare is $2000/mo or more. If you have more than two children, there’s no doubt you will save a significant amount of money by having a nanny.
With Your Child's Nanny, you can be assured your children are in experienced, loving hands in the safety of your home environment. Nannies set up playdates with other children, giving them the social interaction they need and can provide music, learning, foreign language and other activities on a one on one basis.
So what is the cost of having a live-in nanny? First you have the nanny’s weekly salary. Here at Your Child’s Nanny, our nannies start at $350/week. Although nanny salaries can go in excess of $1000/week you will find almost all of our nannies are placed in the $350-$400/week range. In addition to your live-in nanny’s weekly salary you also have room and board. Room and board will cover your nanny’s food while she’s in your home as well as the cost of having an extra person in the home (utilities, etc). Average cost for room and board varies by household. You will also pay for gas if you have your nanny drive, but assuming you are already driving your children to daycare or activities, this is an expense you already have. In fact, you will probably save money on gas, no longer taking those trips back and forth to childcare!
For more information on how a nanny can help you, visit our “What Does A Nanny Do?” article. You can also call us for more information on nanny salaries. We have a proprietary formula to help you determine the most fair salary. We get paid a flat fee, and not a percentage of your nanny’s pay. You can be assured that we remain impartial and fair in helping you determine the right salary range for you and your nanny. Ultimately your nanny's salary should reflect her experience, the duties associated with the position and your budget.
Call me today for more information on nanny salaries!
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TOP 100 Moms in Business Competition
We are proud be winners of the 2014 Top 100 Moms in Business. We came in #19 out of over 300 business entries. We are a business run by moms and our focus is servicing moms and families with the best live-in nannies nationwide.