Child care for 2 kids now costs nearly 40% more than rent across 100 largest US metros: study
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Despite the overall pace of inflation easing year over year in the U.S., the price of housing and raising kids continues to soar – and child care costs now exceed rent in many parts of the country.
A new study from LendingTree found the cost of sending two young children to full-time daycare is now 40% more expensive than the average rent across the nation's 100 largest metros.
Children from a daycare hold onto a cord as they walk outside in New York City to ensure they stay together with their group and supervisor. Child care for two kids now exceeds rent in 91 of the 100 largest metros in the U.S., according to a new anal (Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images / Getty Images)
The analysis of Child Care Aware of America and Bureau of Labor Statistics (BLS) data determined that the average monthly cost of full-time center-based child care for an infant and a 4-year-old across the 100 largest U.S. metros is $2,182 – 39.4% higher than the average monthly cost to rent a two-bedroom unit, which is $1,566.
To break it down, the average monthly child care cost for one infant is $1,218, which is just 22.2% less expensive than renting a two-bedroom place.
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In 91 of the 100 largest U.S. metros, the average monthly cost of full-time center-based care for two children exceeds the monthly rent, LendingTree found. In nine of those major metros, child care costs are double rent costs.
A residential apartment building in the Long Island City neighborhood of New York, US, on Wednesday, July 17, 2024. The cost of sending two
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