2024 nanny pay rates: How much should I pay my nanny?

Once you’ve made the decision to hire a nanny to care for your kids, the next step is figuring out how much you should pay them.

Publish Date: Wednesday 30th November 2022
Share 
Care.com
Atlanta Jobs

Atlanta Jobs category interest

Once you’ve made the decision to hire a nanny to care for your kids, the next step is figuring out how much you should pay them. If you’ve never hired a nanny before, this can feel a little overwhelming. However, we’ll cover several topics that should help you come up with a realistic pay rate for your nanny.

What is the current hourly pay rate for a nanny in my area?

According to the Care.com 2024 Cost of Care Report, parents posted rates for nannies averaging $766 per week, or about $19.15 per hour.

To get a baseline for how much a nanny earns in your city, Care is a great resource. Based on the millions of job posts on the site, the average posted nanny rate in the U.S. currently starts at $20.04 per hour, and here is the average posted starting rate* for a nanny in several major cities.

If you don’t see your city on this list, use our Cost of Care Calculator to see the estimated rate in your city. Keep in mind, these hourly nanny pay rates assume a nanny caring for one child and working full time. If your care needs are different, you should decrease or increase this rate.

What should I take into account to adjust my nanny’s hourly pay rate?

Now that you have a good estimate of what the average nanny expects to earn in your area, you need to look at the details of the job you’re offering and the credentials of the nannies you’re interviewing to fine-tune the final pay rate. Here are four major factors to consider:

1. How many children your nanny will care for

Nannies who watch multiple children should earn more than nannies watching one child. Best practices are to increase your hourly rate $1 to $2 per hour for each additional child a nanny cares for.

2. How much experience your nanny has

According to the International Nanny Association’s most recent salary benefits survey, nannies with less than two years of experience earn about $2 less per hour than nannies with 3-5 years of experience. Additionally, a nanny with 7-10 years experience earns about $2 per hour more than a nanny with 3-5 years of experience. The point is, the more experience a candidate has, the more you can expect to pay for their services.

3. Whether your nanny is first aid or CPR certified

If so, they most likely should command a higher hourly rate than a candidate with no medical training. The added peace of mind knowing your nanny can provide a basic level of support for your child if something goes wrong is generally worth paying extra for.

4. Any job responsibilities that go beyond caring for your kids

Some families ask their nanny to pitch in with additional household help, such as laundry and running errands. If you’re planning to ask your nanny to handle things like this, expect to pay them additional money for these tasks.

What other costs are associated with hiring a nanny?

By now, you should have a good idea of what to pay your new nanny. But there are other expenses aside from payroll that you need to think about to finalize your total care budget.

Household employment taxes

Sometimes called nanny taxes, these will be about 10% of the wages you pay your nanny. The IRS says when you pay a nanny $2,700 or more during the calendar year, you’re responsible for paying these taxes.

Workers’ compensation insurance

Your state may require you to have a workers’ compensation insurance policy in place to protect you and your nanny if they get hurt while on the job.

Tax and payroll service

Many families either don’t have the time or the desire to manage all the tax filings, payroll calculations, labor law compliance updates and government notice correspondence that come with being a household employer. Using a nanny tax and payroll service like HomePay should be part of your budget if you need help. Give us a call at (888) 273-3356 for a free consultation and we’ll walk you through any questions you have!

Next Steps:

December 22, 2024

Story attribution: Desiree Leung
Care.com

Share 

More from Atlanta Jobs

20 Worst Places to Live in Georgia: Cities to Avoid in the Peach State
Atlanta Jobs

20 Worst Places to Live in Georgia: Cities to Avoid in the Peach State

Georgia offers diverse landscapes and communities, from bustling cities to quiet rural towns.

Cuban in Atlanta Offers Key Tips for Landing a Job at Publix
Atlanta Jobs

Cuban in Atlanta Offers Key Tips for Landing a Job at Publix

A Cuban woman living in Atlanta has taken to social media to share crucial advice for those aiming to secure employment at the well-known supermarket chain, Publix.

Top 10 Most Dangerous Cities in the United States 2024
Atlanta Jobs

Top 10 Most Dangerous Cities in the United States 2024

Do you want to know about the top 10 most dangerous cities in the Unites States?

Savannah Housing Market: Prices, Trends, Forecast 2024-2025
Atlanta Jobs

Savannah Housing Market: Prices, Trends, Forecast 2024-2025

The Savannah housing market trends are pivotal in shaping the decisions of buyers, sellers, and investors in this historic city.

Houston Housing Market: Prices, Trends, Forecast 2024-2025
Atlanta Jobs

Houston Housing Market: Prices, Trends, Forecast 2024-2025

Houston Housing Market TrendsSeveral notable market trends emerged from the July 2024 Houston housing market data.

Feds Bostic: Economy returning to normal faster than expected so policy should as well
Atlanta Jobs

Feds Bostic: Economy returning to normal faster than expected so policy should as well

The U.S. economy is close to normal rates of inflation and unemployment and the Federal Reserve needs monetary policy to "normalize" as well, Atlanta Federal Reserve president Raphael Bostic said Monday in comments that suggested openness to a quick pace of interest rate cuts in coming months.

Sign up for Atlanta Post Online Newsletters

Keep in touch with everything on Atlanta Post Online. Sign up for our newsletter!
 


Stats
Elapsed time: 0.5664 seconds
Memory useage: 2.59MB
V2.geronimo