Latest news with #ChildCareAware
Axios
7 days ago
- Business
- Axios
Louisiana day care costs top $20k for two children
The rising cost of child care is outpacing inflation, according to a new report. Why it matters: Climbing childcare costs put a huge financial strain on families, forcing some parents — typically women — to either ratchet back their working hours or leave the labor force entirely, writes Axios' Emily Peck. Zoom in: Louisiana families are paying about 35% of their median household income to keep two kids — one infant and one toddler — in day care, according to data from Child Care Aware, an advocacy group. The average annual child care cost for that hypothetical family in 2023 was $20,200, while the median household annual income in the state was $57,650, based on Census data released in 2024. The big picture: Nationally, the annual cost of day care tuition for the same two children — a toddler and an infant — was $28,168 last year, the data show.
Axios
16-06-2025
- Business
- Axios
Child care costs squeeze Virginia families
The cost of child care in Virginia and around the nation is skyrocketing, with a new report finding that it's outpacing overall inflation. Why it matters: Rising child care costs put a huge financial strain on families, Axios' Emily Peck reports. They can force some parents — typically women — to either ratchet back their working hours or leave the labor force entirely. For single parents, the calculus can be even more painful. By the numbers: The average annual cost of daycare tuition in Virginia for two children — one toddler and one infant — rose to $30,680 last year, according to data from Child Care Aware, an advocacy group. That's the highest price tag for child care in the Southeast by far — and roughly $8,000 more a year than it costs in North Carolina. That's about 32% of the median household annual income in Virginia, based on Census data released in 2024. Stunning stat: The cost for center-based child care for an infant would eat up 39% of a single parent's salary, per the report. Meanwhile, the average annual cost of daycare tuition nationwide for two children was $28,168 — about 35% of U.S. median household annual income. Zoom out: The U.S. doesn't have publicly funded universal childcare. However, the federal government does put money into the system for low-income kids through block grants to the states, as well as Head Start, the decades-old federal program that provides childcare, nutrition assistance and other services to the nation's poorest families. There were worries that the White House would stop funding Head Start, but the administration has said that won't happen.
Axios
12-06-2025
- Business
- Axios
Texas daycare costs about $21,600 a year for two kids
The average Texan spends more on child care for two children than on rent every year. The big picture: The cost of child care in the U.S. rose 29% from 2020 to 2024, outpacing overall inflation, Axios' Emily Peck reports. The average annual cost of daycare tuition nationwide for two children — one toddler and one infant — rose to $28,168 last year, according to data from Child Care Aware, an advocacy group. Zoom in: The average cost of child care in Texas is nearly $21,600 for an infant and a toddler, or about 27% of the median household annual income in the state. That's lower than the national average of 35%, based on Census Bureau data released in 2024. By the numbers: The average annual cost of daycare for two children is about $5,500 more than the average cost of rent in Texas, per Child Care Aware data.
Axios
29-05-2025
- Business
- Axios
Utah day care costs for two children balloon
Daycare for one toddler and one infant in Utah on average costs approximately $24,000 a year, according to data from Child Care Aware, an advocacy group. By the numbers: To put it in perspective, that's roughly $5,400 more annually than you'd pay for the average one-bedroom apartment in Salt Lake City. The big picture: The cost of child care in the U.S. just keeps climbing as prices rose 29% from 2020 to 2024, outpacing overall inflation, Axios' Emily Peck reports. Why it matters: Rising costs put a huge financial strain on families, forcing some parents — typically women — to either ratchet back their working hours or leave the labor force entirely. For single parents, the calculus can be even more painful. It's also a drag on economic growth overall. By the numbers: The average annual cost of daycare tuition nationwide for one toddler and one infant rose to $28,168 last year, per the report. That's about 35% of median household annual income in the U.S., based on Census data released in 2024. Between the lines: The percentages are no less brutal in states with higher incomes. The cost of care for two children in Massachusetts is $47,012 — 44% of the median household income in that state. Zoom out: The U.S. doesn't have publicly funded universal childcare. However, the federal government does put money into the system for kids in low-income families through block grants to the states, as well as Head Start, the decades-old federal program that provides childcare, nutrition assistance and other services to the nation's poorest families There were worries that the White House would stop funding Head Start, but the administration has said that won't happen. Yes, but: President Trump's budget proposals look to keep federal funding levels for child care flat next year — that's effectively a cut given inflation, says Anne Hedgepeth, senior vice president of policy and research at Child Care Aware.
Axios
29-05-2025
- Business
- Axios
Mapped: Childcare costs in Arkansas
The cost of child care in Arkansas is one of the lowest in the nation, but the cost of care for two kids still costs roughly 27% of the median household annual income, according to Census data. Why it matters: Rising child care costs put a huge financial strain on families, forcing some parents — typically women — to either ratchet back their working hours or leave the labor force entirely, Axios' Emily Peck writes. For single parents, the calculus can be even more painful. It's also a drag on economic growth overall. The big picture: The cost of child care in the U.S. just keeps climbing — a new report finds that prices rose 29% from 2020 to 2024, outpacing overall inflation. By the numbers: The average annual cost of daycare tuition nationwide for two children — one toddler and one infant — rose to $28,168 last year, according to data from Child Care Aware, an advocacy group. Zoom in: In Arkansas, it's $17,500. Zoom out: The U.S. doesn't have publicly funded universal childcare. However, the federal government does put money into the system for low-income kids through block grants to the states, as well as Head Start, the decades-old federal program that provides childcare, nutrition assistance and other services to the nation's poorest families There were worries that the White House would stop funding Head Start, but the administration has said that won't happen.
