Nursery costs for 2-year olds
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Infant daycare cost per week!
In-home child care rates per hour
How much are families spending on childcare?
Childcare costs peaked in 2020 as the COVID-19 pandemic hit, but care hasn’t been affordable for many families that need it over the last decade. According to the Department of Health and Human Services, childcare is affordable if it costs households no more than 7% of their income.
The average cost of childcare was not affordable for families making less than $75,000.
Childcare was not affordable in 2021 for the average multi-racial, Black, or Native American family either, taking up nearly 9% of the average income for each of these groups.
As part of the economic response to the pandemic, the American Rescue Plan Act of 2021 temporarily increased the size of the existing child tax credit, made it refundable, and gave families the option of receiving the credit in monthly installments throughout the year.
The child tax credit is based on household income and the number of dependent children.
The American Rescue Plan increased credit from $2,000 to $3,000 per child older than six and $3,600 per younger child. The plan also raised t
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- how much childcare do i have to pay