Personal finance website WalletHub today released a report on Child Care Costs by State and it was determined that South Carolina spends the 2nd lowest percentage of income on child care.
To identify the states with the highest and lowest child care costs, WalletHub analyzed the prices of family-based and center-based child care and adjusted them by the median income.
Child Care Spending in South Carolina (1=Most Expensive; 25=Avg.):
- Cost of Early Child Care as a % of Median Annual Married-Couple Family Income: 5.65%
- Cost of Day Care as a % of Median Annual Married-Couple Family Income: 7.75%
- Cost of Early Child Care as a % of Median Annual Single-Parent Family Income: 18.59%
- Cost of Day Care as a % of Median Annual Single-Parent Family Income: 25.51%
Click here to see the full report.