In 2023, the average annual price for an infant in center-based child care in New Hampshire was $17,250, and $11,402 annually for family child care. The average annual price for both an infant and a four-year old in center-based care was $31,868.[1] The federal government set an affordability benchmark of seven percent of household income ...
Presented by Nicole Heller, Senior Policy Analyst, and Phil Sletten, Research Director, as a component of the New Hampshire Businesses for Social Responsibility webinar series Pathways to Prosperity on May 22, 2024.
Traditional economic theory postulates that when supply is low and demand is high, prices increase. As the supply of a good or service increases to become readily available relative to the demand for it, prices begin to decrease. The child care industry, however, does not function as traditional economic theory would suggest. In New Hampshire ...
In 2023, the median hourly wage for a New Hampshire child care worker was $15.62 an hour. This equates to $32,490 annually, only $2,500 more than the 2023 federal poverty ...
New Hampshire’s record-breaking house sale prices and high mortgage interest rates, along with expensive child care prices, mean families may need to devote a significant portion of their household income ...
The child care industry provides well-established economic and child development benefits. When parents cannot work due to unmet child care needs, the size of the potential workforce declines, and local ...