Society
NYC Child Care Hits $45,000 a Year With US Prices Surpassing Pre-Pandemic Levels
Costs could climb even more now that federal support has ended.
In New York City, the average price of infant care is $45,490 a year, according to Care.com, an online marketplace for finding caregivers.
Photographer: Kathryn Gamble/BloombergThis article is for subscribers only.
Child-care prices have risen at a break-neck clip in the US — and that’s before daycare centers start to really feel the impact of the end of federal funding that kept them afloat through the pandemic.
Average monthly payments for child care in September were 32% higher than the 2019 annual average, according to an analysis by Bank of America Institute of the lender’s customer data.