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, but there are several resources you can take advantage of to come up with a realistic nanny pay rate to offer.
What is the current hourly pay rate for a nanny in my area?
Based on the millions of job posts, here are the 2019 average hourly nanny pay rates in several major cities.
New York City: $22.65/hr.
Salt Lake City: $15.03/hr.
San Diego: $16.80/hr.
San Francisco: $20.07/hr.
Los Angeles: $22.48/hr.
St. Louis: $14.15/hr.
Washington, DC: $19.60/hr.
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:
How much experience does your nanny have? According to the International Nanny Associations 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.
Is your nanny 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.
Will your nanny’s job 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 youre planning to ask your nanny to handle things like this, expect them to want additional money for these tasks.
Remember there are other costs 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 you need to think about that will finalize your total care budget.