Supporting Affordable Child Care for Employees
The U.S. Census Bureau Household Pulse Survey for April 26 – May 8, 2023 found that NJ families pay on average $442 per week for child care (about $22,994 annually). Families with children under age 5 average about $23,710 annually.
A recent report from the Committee for Economic Development (CED) found that NJ families with children under age 5 that pay for child care have an average income of $188,251 while those with children under age 5 that do not pay for child care have an average income of $122,167.
Child care is an important work support for parents. But, it’s also an important early learning setting for children. Affordability is an issue for most families, particularly for those with more than one child.
Low wage earning families may be eligible for child care subsidies, which help low-income parents afford child care. Eligible families can earn up to about 200 percent of the federal poverty level and still potentially qualify for child care assistance. Learn more by contacting your local CCR&R.
Employer Child Care Tax Incentives (1 page summary)
Employee Child Care Tax Incentives (for families)
The Business Care for Early Education Investments (One Pager)
Question Checklist for Parents Looking for Child Care (English/Spanish)