A new study by LendingTree reveals that average monthly childcare expenses for an infant and 4-year-old have reached $2,182, exceeding the cost of renting a two-bedroom apartment in many major cities across the U.S.
Parents raising children manage a lot daily, including childcare expenses, which in some instances can cost more than what they pay for rent.A new Lending Tree study finds that the average monthly childcare costs for an infant and 4-year-old soared to $2,182–39.4% higher than renting a two-bedroom apartment.The online lending marketplace notes that the average monthly cost of full-time center-based childcare is higher than rent in 16 of the 100 largest U.S. cities.
The other cities rounding out the top five are Syracuse, New York , while Buffalo, New York and Wichita, Kansas, are tied with childcare costs 22.4% higher than rent.RELATED: These are the best cities for working parents, study saysMeanwhile, there are only nine cities nationwide where childcare is cheaper than rent.
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Childcare Costs Now Outpace Rent in Many US CitiesA new study by LendingTree reveals that average monthly childcare costs for an infant and a 4-year-old have surged to $2,182, exceeding the cost of renting a two-bedroom apartment in 16 of the top 100 U.S. cities. Springfield, Massachusetts, tops the list with childcare expenses 32.3% higher than rent.
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