Business & Economy
Study: Child Care Shortages May Cost NH Businesses Up To $56M Annually
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Lack of child care slots also has multi-million dollar impacts on overall N.H. household incomes and state and local tax revenue.
InDepthNH.org (https://indepthnh.org/author/nicole-heller/)
Lack of child care slots also has multi-million dollar impacts on overall N.H. household incomes and state and local tax revenue.
State-level data show renters in New Hampshire have lower median incomes and are more likely to be burdened by housing costs than homeowners.
Newly-released data revealed that the price of child care in New Hampshire continued to rise in 2023. The national organization Child Care Aware of America (CCAoA) estimated that New Hampshire families with an infant in center-based child care faced an average annual tuition price of $17,250.
Limited access to affordable child care creates significant challenges for New Hampshire’s families and economy, and may hinder New Hampshire’s efforts to support a robust workforce.[
This expansion means, for example, that a family of three making less than about $89,200 yearly may be eligible for the NH Child Care Scholarship program, and only need to spend approximately $6,200 (7 percent) of their annual income on child care tuition.