- cross-posted to:
- dataisbeautiful@lemmy.world
- cross-posted to:
- dataisbeautiful@lemmy.world
Massachusetts median income is 114k, child is 44k.
Mississippi median income is 56k, child is 19k. Using 2 data points, it looks like it scales.Data source: https://www.fool.com/money/research/average-us-income/
You get what you pay for
Live in MA and pay a nanny about $55k a year. Its brutal and pushing our finances to their limits but we tell ourselves its temporary pain (2 years) to ensure the long term wellness of our child.
I estimated the cost per year for our 3 years old in South Korea. Compared what government estimations are we are about 20% below, probably we are kind of frugal.
Category KRW/year USD/year (≈1,400 KRW/USD) Food (home) 882,000 ~630 Kindergarten 8,400,000 ~6,000 Clothes 420,000 ~300 Toys 180,000 ~130 Flights 750,000 ~540 Eating out 720,000 ~510 Seasonal items 100,000 ~70 Miscellaneous 100,000 ~70 Books / educational items 50,000 ~35 Birthday / celebrations 50,000 ~35 Health / supplements 50,000 ~35 Total 11,702,000 ~8,360 Oh and if he was Korean the Kindergarten would be even half of that cost.
In CA and we pay north of $40k in daycare alone for each kid.
Gee… WhY ArEnT PeOpLe HaViNg KiDs???






