by Krystal Covington
Online rental marketplace, Hotpads, recently released an analysis of rental rates and child care costs throughout the United States. Their overall findings show that except in cities with exceptionally high rental rates, the cost of child care is almost as high as rent.
In Denver, median rent is $2,100 while average monthly child care costs are $1,535, a difference of $565. With a monthly cost of $3,635, a family will spend about $43,620 per year on both rent and child care. Denver's median household income is about $56,000, which means rent and child care account for over 75% of annual living expenses.