Childcare Cost Calculator (Nanny, Nursery or Childminder)

How to use the Childcare Cost Calculator (Nanny, Nursery or Childminder)

1. Enter the hours of care you need each week and the weeks you pay for in a year.
2. Enter how many children you need care for and any discount for the second and later children.
3. Enter the hourly rate and weekly extras for up to three options. Leave a rate at 0 if you do not need that option.
4. Read the weekly, monthly and yearly costs and the gap between the cheapest and dearest option.

Example

Worked example (40 hours a week, 52 weeks, one child)

• Nanny at £14 an hour: £560.00 a week, £2,426.67 a month, £29,120.00 a year
• Nursery at £8 an hour plus £20 extras: £340.00 a week, £1,473.33 a month, £17,680.00 a year
• Childminder at £7 an hour: £280.00 a week, £1,213.33 a month, £14,560.00 a year
• Difference: £14,560 a year

Limitations

• The calculator only multiplies the numbers you enter. It does not know local rates, taxes or funding.
• A nanny is usually an employee, so employer costs such as tax, pension and holiday pay may be on top of the hourly rate.
• Government funding, tax-free childcare and employer schemes change from country to country and can reduce the real cost.
• It treats each extra child as costing the same hourly rate less the discount you enter.

Sources

About this tool

The Childcare Cost Calculator turns the rate you are quoted into a weekly, monthly and yearly cost, so you can compare a nanny, a nursery and a childminder side by side. Enter each option’s price per hour and any extras such as meals or a registration fee. You can add a discount for a second child and see the cost of holiday weeks you still pay for. Rates are whatever you type in, so use the quotes you have actually received.

Also searched for as: nanny cost calculator, babysitter cost calculator, how much does childcare cost, nursery cost per month, childminder cost calculator, daycare cost per week.

Childcare Cost Calculator (Nanny, Nursery or Childminder) is part of ToolStack Hub's Calculators. It runs entirely in your browser, which keeps your data private and makes results instant. There is nothing to install and no account to create. There is no usage limit.

Frequently asked questions