Where Your Money Goes

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Your fees must provide my income including 17 % Federal tax, 10.1 % State, City and Fayette County Public School taxes and 7.65% Social Security tax I must pay. Beyond that, your fees pay for liability child care insurance, certification fees, annual occupational license, background checks, tb test, training, food, toys, equipment, printing supplies and much more. Like other self-employed workers, Family Child Care providers do not receive the benefits many employees take for granted. These include health and dental insurance, life insurance, retirement and pension plans, workers comp, regular paid vacations, flexible time off and unemployment insurance. These benefits often amount to as much as 35% of an employee's wages. Unlike other forms of self-employment Family Child Care is very restrictive. There is no room for growth. The state dictates the size of my business. Most people have a 40 hour work week. My week is 11 hours a day, 55-60 hours and up and that does not include my training, bookkeeping, paperwork, etc. At PayScale.com reports that in home family childcare providers average $9.00 per hour and reported gross earnings of approx $15k - $35k per year as of November 11th, 2016.

I hope this gives you a better picture of the true cost of child care.

Click Here To View Payscale's In Home Child Care Provider Salary