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Posted in: Finance Last updated: 07 Apr 2015

Childcare affordability calculator

We all know that the biggest expense associated with working when you have a young family is the cost of childcare. For couples wanting a family where siblings are close in age, the prospect of having one or more pre-schoolers in childcare can be a financial burden eqivalent to that of a mortgage or rent.

We've published our first ever comprehensive analysis of local childcare costs and affordability in Great Britain. Our Childcare affordability report examines the average cost of childcare relative to earnings across Great Britain. See how your area ranks against the national average by using our calculator below.

Select your region from the menu
Your Region
Annual earnings (£):
0k
Annual cost of childcare (£):
0k
Percentage
of earnings:
0%
Average hourly earnings:
£0.00
Average hourly childcare costs:
£0.00
Great Britain Average
Annual earnings(£):
26k
Annual cost of childcare (£):
5k
Percentage
of earnings:
19%
Average hourly earnings:
£12.77
Average hourly childcare costs:
£3.84
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Don’t lose this information!

The chlidcare costs are based on paying for nursery or a childminder for 25 hours a week for a full 52 week year.  Earnings data based on full time gross earnings. 

Note: Suffolk was the only county in which researchers were unable to collect data.

Note:  Whilst we take care to ensure Hub content is accurate at the time of publication, individual circumstances can differ so please don't rely on it when making financial decisions.

Interested in saving for your family's future?

We're an award-winning children's savings and investments provider*. 

We offer a selection of simple, affordable ways to invest for your child's future.

All of these products invest in stocks and shares so we want to remind you that their value can fall as well as rise, meaning your child could get back less than was paid in.

*We won the Moneyfacts award for Best Junior ISA Provider in 2015 and 2016. As Family Investments we won the same award in 2012 and 2014.