Families are often looking to save money for their kids’ college, but what about day care? It’s now more expensive than college, new statistics show.
And New York is one of the highest states in the nation for infant-care costs, a new report showed.
New York’s infant care comes in at an average of $15,394 per year, according to a recently updated report from the Economic Policy Institute, a union-backed think tank based in Washington D.C.
Care for a 4-year-old costs an average of $12,358 per year.
That makes New York one of 33 states where infant care is more expensive than college tuition, the group estimated.