The national average price of childcare for 2023 was $11,582 and it would take 10% of a married couple's median income or 32% of a single parent's median income to afford this price.
The U.S. Department of Health and Human Services recommends childcare costs should not exceed 7% of annual income, but the actual costs far exceed this threshold, as shown by The National Database of Childcare Prices.
Childcare costs have been on a steady rise in the U.S., exacerbated by labor shortages and closures of facilities, leading to a crisis described as The Great Affordability Crisis Breaking America.
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