New York Childcare Cost Calculator
Calculate childcare costs in New York. Infant daycare ~$18,273/yr. Compare options, tax credits, and DCFSA savings.
How This Calculator Works
Calculation methodology and assumptions
Childcare cost calculator for New York. Weekly rate pre-filled based on national averages adjusted by New York's cost of living index (123.8). National avg: infant daycare ~$14,760/yr, preschool ~$10,600/yr. DCFSA provides pre-tax savings up to $5,000/yr. Child and Dependent Care Tax Credit: 20-35% of up to $3,000 (1 child) or $6,000 (2+ children).
Key State Information
New York childcare facts: Estimated infant daycare ~$18,273/yr (~$1,523/mo) | Preschool ~$13,123/yr | Median household income $74,314 | Childcare as % of income: ~25%.
Frequently Asked Questions
How much does daycare cost in New York?
In New York, infant daycare averages approximately $18,273/year ($1,523/month). Preschool averages ~$13,123/year. This represents about 25% of the state's median household income of $74,314.
How can I reduce childcare costs in New York?
Key strategies: (1) Use a Dependent Care FSA (save up to $5,000 pre-tax), (2) Claim the Child and Dependent Care Tax Credit (20-35% of costs), (3) Look into New York state child care subsidy programs, (4) Consider family-based daycare vs centers, (5) Explore employer childcare benefits. DCFSA also saves on New York's state income tax.
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