Child Care Costs - Rocky Mountain Voice

By Christian Horstmann | Guest Commentary, Rocky Mountain Voice When child care rivals your mortgage payment and eats the “extra” paycheck, having a stay-at-home parent is the wiser investment. We’ve been told for years that homeschooling is impossible because “you can’t make it on one income.” But when families pencil out the math, a different picture appears: the second paycheck often pays for the costs created by the second job: child care first, then commuting, meals out, and the “time savers” that keep the overbooked household afloat. On paper, it looks like gain. In reality, it’s a trade. Consider just one budget line that eats the pay raise: full-time child care. Across Colorado, the average monthly price is over $1,000; but in nine of our ten most populous count...

By Brooke Williams | KDVR Fox31 DENVER (KDVR) — Amid a rising cost of living, caring for a child is expensive anywhere in the U.S., but especially in Colorado, according to a new report. Personal finance website WalletHub conducted a study on all 50 states and Washington, D.C. Researchers analyzed the prices of family-based and center-based child care and made adjustments based on median income to rank the states with the highest and lowest costs of child care for both couples and single parents. The study found that in some parts of the country, couples could spend up to 13% of their income on child care, and a single parent could spend 51%. The report notes that both parents are employed in more than two-thirds of families with children, according to the Bureau of Labor Statisti...

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