Compare the annual cost of daycare against a nanny.
Daycare is billed monthly, while a nanny is billed hourly across the guaranteed weekly hours for the whole year. Converting both to an annual total allows a like-for-like comparison that also hints at flexibility and the level of one-on-one care. A nanny can be cheaper than daycare for a single infant in some areas, so annual totals prevent families from assuming the center is automatically the better deal.
Daycare vs Nanny
Daycare annual = monthly x 12; nanny annual = hourly x weekly hours x weeks
Daycare annual = monthly x 12; nanny annual = hourly x weekly hours x weeks Daycare is billed monthly, while a nanny is billed hourly across the guaranteed weekly hours for the whole year. Converting both to an annual total allows a like-for-like comparison that also hints at flexibility and the level of one-on-one care.
A nanny can be cheaper than daycare for a single infant in some areas, so annual totals prevent families from assuming the center is automatically the better deal.
This calculator takes 4 inputs: Daycare per month, Nanny hourly rate, Nanny hours per week, Weeks per year. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.