Conor Pope: What is the best-value childcare model?

Does creche, au-pair, relative or stay-at-home parent make most financial sense?

The cost of a crèche in rural Ireland might be as little as €550 a month or in excess of €1,200 a month in Dublin.

The cost of a crèche in rural Ireland might be as little as €550 a month or in excess of €1,200 a month in Dublin.

By virtually any measure, the cost of out-of-home childcare in Ireland is depressing. Parents who have two young children in a crèche in an urban area will often have little change out of €2,000 a month.

To be able to afford to spend that €24,000 annually, they will need to earn a gross salary of around €50,000. Not many do with the average annual earnings for full-time employees in 2017 put at €46,402 by the Central Statistics Office (CSO).

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