In New York, the cost of raising a child is $41,000 a year.
Child‑care fees in New York strain family budgets. While the average annual cost of daycares in the city reaches $21,000, some centers in Manhattan charge a school $41,000 a year.
A bilingual preschool planned to open in Manhattan's Murray Hill district charges $4,100 per month for full‑day care.
Across the United States, the average annual cost of preschool for young children is about $13,000.
Free Education Doesn't Eliminate Extra Costs
In New York, four‑year‑olds receive free preschool education. Mayor Zohran Mamdani's administration aims to extend free care programs to younger age groups.
However, because the school day ends at 2:30 p.m., working parents must pay an extra fee for after‑school care. The annual cost of this service can reach $12,000 in some areas.
High Fees Affect Families
Childcare expenses account for 30 to 40 percent of some families' budgets. According to data from Columbia University and Robin Hood, 34 percent of working mothers with children reduce their working hours or turn down promotion opportunities. 29 percent leave their jobs because of childcare costs.
High costs also affect families' decisions to have children and to continue living in New York.
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