Child Care Costs Now Surpass College Tuition in 38 States, Analysis Finds
A new report highlights the growing financial strain of child care, which also exceeds rent costs in 17 states and D.C.
- The Economic Policy Institute's analysis reveals that child care costs outpace public college tuition in 38 states and Washington, D.C., up from 33 states in 2020.
- Child care expenses range from $521 per month in Mississippi to $1,893 per month in Washington, D.C., for families with one 4-year-old child.
- In 17 states and Washington, D.C., child care costs now exceed average rent prices, further burdening working families.
- The report highlights New Mexico, where annual infant care costs surpass rent by over 10% and are unaffordable for 90% of residents based on federal guidelines.
- Advocates call for expanded federal and state policies, with New Mexico's $150 million annual fund for early childhood education cited as a promising model.