The Fact
The U.S. Department of Labor’s National Database of Childcare Prices reported that full-day care for one child in 2022 ranged from about $6,552 to $15,600 per year depending on the child’s age, provider type, and location. That represented roughly 8.9% to 16.0% of median family income for one child.
What This Means
Childcare can absorb a material share of household income, and the cost varies widely by geography, age of the child, and care setting.
Sources
- U.S. Department of Labor Women’s Bureau, National Database of Childcare Prices.