Work out caregiver cost instantly with clear inputs, formula shown and shareable results.
Multiplies weekly care hours by the hourly rate and scales to monthly and annual cost.
Caregiver cost
Annual cost = hours per week x hourly rate x weeks per year
If engaging a carer directly, employer taxes, insurance and holiday pay add roughly 15 to 30%.
Its replacement value can be estimated with the same calculation, which is how informal care is costed in economic studies.