(NewsNation) — The cost of day care for two small children is now about 32% more expensive than paying for rent, 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. Caring for an infant and a 4-year-old simultaneously now costs 31.5% more than rent.
“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…