Topic > Types of Child Care and Estimated Costs - 567

Types of Child Care and Estimated Costs Child care is a necessity for a large number of working families and single parents. Fortunately, there are many options available to fit both a family's needs and their budget. Each option has advantages and disadvantages. We will provide some basic information about each type, as well as some guidelines regarding the estimated cost. Childcare centers These are larger facilities that care for newborns through to school-age children. They offer a variety of program options. Some daycare centers also provide transportation to and from school. Most have early learning programs. On average, one year's full-time care for an infant or child up to four years old can range from $5,000 to $16,000 per year. Before and after school care for a year for a school-age child ranges from $2,000 to $12,000 per year. Advantages: • Childcare centers are regulated by the government. Many states also have education and training requirements for teachers and health care workers. • An opportunity for socialization and early learning. • Programs available to offset the cost of child care. Disadvantages: • High tuition • Limited availability. The centers are generally open on weekdays during daylight hours. Assistance on weekends, evenings and holidays is not available. • Illness: sick children cannot attend. Family childcare home A family childcare home is a smaller center located within a family home. Child care homes are a less expensive option for most families and usually don't have that many children. On average, one year's full-time care for an infant or child up to four years of age can range from $4,000 per year to $11,000 per year.Advantages:• Lower tuition• A smaller environment with fewer children overall.• May have more flexibility in scheduling than larger daycare centers.Cons:• Not all family day care homes are state regulated.• Location considerations: The home has a pet that your Could your son be allergic? What space will the children use? Nanny, Au Pair or Babysitter A nanny is a person hired to look after your child in your home. There are different methods regarding programming, times and costs depending on the needs of the family. Families can choose to hire a nanny themselves, or they can choose to use a service. The average hourly rate ranges from $8 per hour to $20 per hour. The number of hours a nanny works can range from 20 hours per week to 60 hours per week.