Parents, you probably already knew this.
It now costs more money to educate children under 5 than to earn a college degree in Georgia, according to a new report from the Economic Policy Institute.
The average annual cost of infant care in the Peach State is $7,644, or $637 per month. It costs parents $1,030 (15.6 percent) more per year than in-state tuition for a four-year public college.
The Economic Policy Institute ran the numbers and found that infant care for one child would take up 13.8 percent of a typical family’s income in Georgia.
It gets cheaper as children get older, but not by much. Child care for a 4-year-old costs $14,144. That's 45.7 percent more than average rent in Georgia.
How do other states stack up? Click here to see the full findings, sorted by state.
Cox Media Group
