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Study: Child care almost the cost of rent in Las Vegas

Posted: 4:55 PM, Aug 29, 2018
Updated: 2018-08-30 12:40:05Z
Study: Child care almost the cost of rent in Las Vegas

A recent study found that renters with children are spending almost as much on child care as rent payments.

RELATED: Nearly 50 percent of Las Vegas residents choose to rent, can't afford to buy home

Nationally, the median rent payment is $1,500 while the average cost of child care is $1,385 a month, according to HotPads . In Las Vegas, the average cost of child care — $1,365 — is only $30 lower than the median rent payment of $1,395.

RELATED: Las Vegas residents paying much more for rentals than they did 2 years ago

But there are other major cities where child care costs exceed rental costs, including Pittsburgh where renters can expect to pay $255 more each month for child care.

Meanwhile, in cities such as San Francisco and Los Angeles, rent still far exceeds child care costs — by $1,500 in San Francisco.

According to the study, more than a 1/3 of renters have kids at home.