According to a study by the Economic Policy Institute, infant childcare in Georgia costs an average of $7,644 per year. At $637 per month, infant daycare costs make up 13.8% of the average family’s monthly income. According to the U.S. Department of Health and Human Services, childcare is affordable if it accounts for 10% or less of a family’s income.[1]
[1] “Child Care Costs in the United States.” Economic Policy Institute. Accessed December 25, 2018. https://www.epi.org/child-care-costs-in-the-united-states/#/CA.
How Do I Know What’s Right for Me?
Services like topdaycarecenters.com and ChildCare.gov allow you to search for childcare options by location and price. The top-rated Georgia childcare sites also allow you to filter by rating, services offered and time-frame for care. The Childcare and Parent Services (CAPS) program, as well as the Department of Early Care and Learning (DECAL), offer information about available services and financial aid. By making use of tax incentives, financial aid, childcare budget calculators and childcare-finder services, families can make the most fiscally prudent decisions possible.
Factors Impacting Cost of Infant Childcare
The cost of childcare is impacted by employment rates, operating costs and average income. The higher the cost of living and the higher average salaries, the more expensive local childcare will be. Parents can save money by opting for family care
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