- A new 24/7 Wall Street report reveals the States Where People Pay The Most For Childcare.
- On average, the Economic Policy Institute says a family with two children, ages four to eight, will spend about $16,569 on childcare this year.
- The site used EPI’s Family Budget Calculator to determine the states where people are paying the most.
- Not too surprising, New York is the state where parents pay the most for childcare.
- Moms and dads with two children in New York pay an estimated $31,874 a year on childcare.
Top 10 States Where People Pay The Most For Childcare
(click here to see where your state falls on the list)
- New York
- Massachusetts
- Alaska
- Wyoming
- Minnesota
- North Dakota
- New Jersey
- Colorado
- Pennsylvania
- Oregon
- Meanwhile, Mississippi is the state where parents pay the least for childcare, only about $6,215 a year.
Source: 24/7 Wall Street