are these child care rates reasonable?

Question

I live in SC if it matters.
For child care in my home I was thinking about charging $75 a week for 1 child and $100 a week for 2 children (siblings).

children will be 0-8 years old...they will be there 9 hours or less 5 days a week.

Answer 1

I live in a small town in Indiana, and the cheapest daycare I've seen is $95 a week for one child, max of 8 hrs a day. Unless you are also in a very small town, I think your rates are very low. But hey, low rates means you won't have to wait long for someone to call you for help!

I was thinking about doing the same thing myself, actually.

Answer 2

Honestly, unless you you live in a city smaller than Charleston I would go up on those prices. You can always give a discount to a special family with needs once you are established. If you are in Charleston you can charge more than that (I used to live there and the rates you are talking about are cheap). Consider these as your must have if someone is in need unless you are wanting to service a community of people who otherwise could not afford such good care for there children. If this is the case than your rates are great. Wish you the best in your new business!

Answer 3

I live in MA, New England and for an infant 40+ it is between $280-$330 for full time care. A home care is around $200-$250 a week for infant care.

The rates you are thinking of charging are unbelievably cheap. I chose to stay home because of the cost of child care around here and my son is 3 now.

Answer 4

75 bucks a week is awesome for one child no matter what age and state. for two, I think that 140 is a reasonable price, depending on the age. If it is a small baby, then 120 to 125 is good providing that they take care of diapers and formula,I have 4 kids, and I would consider those rates

Answer 5

Younger children need more care so you should charge more for them, and give a break for siblings. Make sure they pay every week, too. Why don't you check around to see what others are charging? The state may have guidelines, too, unless you don't want to go that route.

Answer 6

I live in Vancouver, B.C. and here the going rate is $50 a day/$900 a month!! And everyone pays it. I don't know what infant rates are because in Canada our mat leaves are one year long so kids generally go into daycare when they're around one year of age. I definitely think you could go up in price, judging from the other answers.

Answer 7

I live in St. Paul, MN, and those rates seem cheap to me.

I use an AWESOME in-home daycare that seems like a steal, compared to centers, and she charges me $600 every two weeks for two kids (4 and 2, but she's had each since they were 8 weeks old...).

Answer 8

I live in Pa and I would have to pay $100 a week for 1 child and $175.00 for 2 kids . I would consider your rates cheap.

Answer 9

depends where the daycare is located. In So. California parents will pay upto $200.00/week per child.

The cost of living throught the US varies, so I cant say if $75.00 is good for where you live.

First decide if the facility & the care provider is when you want to leave your child(ren). If it is then figure out what you can afford.

Answer 10

Check your local newspaper to see what rates are like in YOUR area.... Base your rates according to your LOCAL market... Also, consider what your rate is going to be for over 9 hours, what type of supplies you'll expect your parents to bring, whether your area requires inspections, etc (some do)... Make sure you have EXTRA toys, a fenced yard, fresh batteries in the smoke alarms, extinguishers, a full contact sheet for your parents including doctors and the right for you to get them medical care, child safety locks, a lock on your bedroom, etc...
Best of luck!