Child care for 2 kids now costs nearly 40% more than rent across 100 largest US metros: study

Published On Sep 18, 2024, 2:00 AM

A new study reveals that the cost of childcare for two young children has surged, now averaging 40% higher than the average rent across the 100 largest metro areas in the U.S. The average monthly expense for childcare is $2,182, while rent for a two-bedroom apartment is $1,566. This increase in childcare costs is driving many young Americans to delay having children, as they face the burden of high living expenses. In Springfield, Massachusetts, childcare costs exceed rent by 135.7%, highlighting the growing financial challenges families face.