Child Care Costs More Than Housing

October 21, 2024

For a family with two young children, the average annual cost for child care in 2023 was higher than the cost of mortgage payments in 45 states and higher than the cost of rent in every state. Here is a comparison of regional costs for housing and child care for two children — an infant and a four-year-old — in a child care center.

A woman is holding two children while using a laptop computer.

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

A brick building with a clock tower and vibrant fall foliage, on a grassy lawn.
By TFC Team January 19, 2026
Wealthy colleges face an expanded endowment tax in 2026. Learn the OBBBA tiered rates, per-student thresholds, and who pays 1.4%, 4%, or 8%.
A smiling couple sitting with a dog on a concrete step.
By TFC Team January 19, 2026
Key Retirement and Tax Numbers for 2026: IRS updates on standard deductions, IRA contribution limits, and estate and gift tax exclusions.
Pink piggy bank with stethoscope on a blue background.
By TFC Team January 19, 2026
Break the cycle with a financial wellness checkup. Review goals, re-balance your portfolio, cut debt, and boost credit health for the year ahead.
Two businesswomen reviewing data on a tablet and laptop, collaborating in an office.
By TFC Team January 19, 2026
Chart shoing the adjusted gross income (AGI) of U.S. taxpayers from 2024. Nearly half of taxpayers have a AGI of less than $50,000.
Show More