Tax reform breaks may help parents defray child care cost

The cost of child care For 2 kids is usually about on par with housing expenses, according to a report by Child Care Aware of America.

inside the Northeast, center-based care for an infant as well as a 4-year-old costs an average of $24,053 each year, Child Care Aware of America found. In comparison, housing costs in which part of the country cost an average of $21,140.

Even inside the South, where care costs are the lowest, child care for an infant as well as a 4-year old is usually an average of $16,704 each year, just a few dollars shy of the average housing expense of $16,741.

“Families are definitely struggling with the crisis of paying for child care,” said Michelle McCready, chief of public policy as well as research at Child Care Aware of America. “They get sticker shock when having a baby, trying to understand what which will do to their budget.”

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