(NewsNation) — The cost of day care for two small children is more expensive than paying for rent in the majority of major U.S. cities, a recent study indicates.
According to Lending Tree, the average monthly cost of full-time infant care at a center comes out to $1,282, about 25% less than the average monthly cost of $1,716 to rent a two-bedroom space. But that’s only for one child; the cost of child care is significantly more for families who have two or more young children.
“Spending almost $1,300 a month on child care is a massive burden for parents, but most families don’t have another choice,” said Lending Tree’s Matt Schulz…