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DOL: The c...
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DOL: The cost of child care is more than rent in some U.S. counties

  • Child care costs in some U.S. counties exceed the price of rent, according to the U.S. Department of Labor's National Database of Childcare Prices.
  • Nationwide, families spend between 8.9% and 16% of their median income on full-day child care for one child.
  • The scarcity of affordable child care can negatively impact employee performance and result in $122 billion in lost earnings annually.
  • Companies that provide child care benefits for employees can expect a 425% return on their investment, including higher retention rates.

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