The 10 most and 10 least expensive cities to own a home and pay for childcare
In cities like Los Angeles and New York, childcare and housing costs take a significant toll on family budgets, exceeding 90% of income.
Across the United States, families spend an average of 52% of their annual income on housing and childcare combined. However, in certain metropolitan areas, this percentage can skyrocket, reaching up to 90% or more. On the flip side, there are cities where this combined expense is relatively low, hovering below 50%. The cost of childcare can easily exceed $45,000 per year for some parents, depending heavily on the location.
Redfin, in collaboration with childcare marketplace Winnie, analyzed the data from the 100 most populous metros to determine the share of income families allocate to childcare and housing costs.
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