Day care and preschool costs in US cities have risen far faster than overall inflation, increasing 153% since 2000 versus a 90% rise in overall prices. Childcare expenses have remained above inflation for 25 years and continue to climb, leading some families to pay as much as $30,000 annually or to choose remote work to reduce costs. More than 66% of families with children under 18 have both parents working, making childcare a necessary and costly expense. Return-to-office policies increase demand for paid care, while extended wait lists and workforce shortages limit options. Early enrollment is recommended.
Childcare costs have remained above overall inflation for 25 years and do not show signs of slowing down. That growing cost is one reason some parents are forking over $30,000 a year in some states or working solely remote jobs to save money while their kids run in the background of meetings. Since 2000, day care and preschool costs in cities across the US have continually outpaced inflation. Childcare costs have increased 153%, compared to overall prices' 90% increase, over that time.
With return-to-office polices becoming increasingly common, parents are forced to shell out money to have someone else watch their kids. More than 66% of families with children under 18 have both parents working, according to Bureau of Labor Statistics data. That dual income is necessary for many families, as some parents described feeling like they're taking out a second mortgage to have a day care center look after their little ones.
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