Daycare vs. Stay-at-Home Parent Calculator

Second Earner's Annual Salary

Monthly Daycare Cost (per child)

Number of Children in Daycare

Monthly Commute Cost (gas, transit, parking)

Monthly Work Expenses (clothes, lunches, dry cleaning)

Primary Earner's Salary (for tax bracket)

Filing Status

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Net Financial Benefit of Working

Monthly Benefit (or Cost) —

Second Earner Take-Home (after tax) —

Total Work-Related Costs —

Effective Hourly Rate After Costs —

10-Year Retirement Impact (lost 401k) —

Bottom Line —