Zillow determined that a family earning a median household income of $6,640 per month can expect to allocate $1,984 of that to childcare.
It all adds up to a costly reality that's making the American dream of homeownership seem farther out of reach for parents than ever before.
Based on the study, a new buyer household in the United States, making the median income, would spend 30% of it on housing.
The upshot: Another group, less encumbered financially, appears better poised to realize the dream of homeownership: "DINKS," an acronym that stands for "dual income, no kids."
"I paid $1,750 for rent in a crappy little apartment in California," Crossan told BI earlier this year.
Persons:
—, Zillow, DINKS, Elizabeth Johnson, Johnson, Bartie Scott, Juliana Kaplan, Janelle Crossan, Crossan, Pengyu Cheng, Cheng Pengyu Cheng, Cheng
Organizations:
Service, US Department of Labor, Federal, Consumer
Locations:
Women’s, Los Angeles, San Diego, United States, Swiss, snorkeled, Hawaii, Canada, New Braunfels , Texas, Costa Mesa , California, California, Austin , Texas, Texas, San Francisco