Although having children can be a source of great joy, paying for their care while you work is less than blissful. In 2024, the typical parent spent at least $9,600 on child care, with 22% of their household income going toward the costs, according to a study from Care.com, an online marketplace that connects families with caregivers. One-third of parents dipped into their savings to cover care expenses.
How big a bite child care takes from your own budget depends on several factors, including who provides the care, the cost of living in your area, and whether you're eligible for programs and resources that help reduce your expenses. As you navigate the balance of working and ensuring high-quality care for your child, consider these tips to take the edge off the costs.
