A Nanny Match Blog

In 2024, staying informed about nanny pay is crucial for families and nannies alike, especially in vibrant metropolises like New York City, where the cost of living is high, and the demand for top-notch nannies is significant.

Understanding the average rates can help both parties navigate negotiations and ensure fair compensation for the invaluable services. 

In this blog post, we’ll present a comprehensive overview of the average pay for nannies in NYC for 2024. 

Understanding the Numbers

As of March 2024, the average hourly pay for nannies in New York City varies, on average, between $30.00 and $45.00 per hour. The range is influenced by experience, qualifications, job responsibilities, and the number of children under their care. Compared to the average in 2023, this increase reflects the diverse needs and preferences of families across the city. 

Full Time Nanny rates in New York City start at around $32.00 gross (pre-tax) per hour for nannies with at least a few years of expereince, while Part Time Nanny rates start at approximately $35+ gross (pre-tax) per hour. 

According to the Bi-Annual Nanny Census Report, nannies in New York City reported an average hourly rate of $34.32. Not surprisingly, New York City was ranked as one of the US cities with the highest average hourly wages amongst nannies. 

Factors Influencing NYC Nanny Pay

• Experience and Qualifications: Nannies with extensive experience and specialized skills, such as fluency in multiple languages or certifications in early childhood education, will have higher rates.

• Schedule: Part-time roles typically command higher hourly rates than full-time roles due to the flexibility and limited hours. 

• Number of Children: Nannies responsible for caring for multiple children typically receive higher compensation due to the increased workload and level of responsibility.

• Job Responsibilities: Engaging in tasks beyond childcare, such as housekeeping for the family, family laundry, meal preparation for the family, etc, justifies higher pay rates.

• Location: Nanny pay can vary based on the neighborhood and borough within New York City, with higher rates typically seen in more affluent areas.

• Education: Nannies with higher education generally receive higher hourly compensation due to their degree. In fact, the Bi-Annual Nanny Census Report shared that there is about a $5.19 difference, or 20.82% increase, between the average wages for nannies with high school degrees and those with higher education. 

• Legal Pay: Candidates sometimes refer to their net (take-home after taxes) or cash hourly rate. When discussing salary with nannies, it's important to distinguish between gross and net pay rates.

Negotiating Fair Compensation

It's important to consider the current market rates when hiring a nanny. Offering competitive compensation attracts top talent and fosters a positive and mutually beneficial working relationship.

Understanding Net vs Gross Pay for Nannies

Families and nannies should understand that legal pay protects both parties and how it affects the conversation around compensation. As tax-paying citizens, nannies are secure with many benefits, and with that, the take-home hourly rate after taxes are taken out is usually not the same amount they would make if they are being paid "under the table." By abiding by the law, Employers are protected from audits, fines, and lawsuits, and it's also important to understand that nannies who were being paid cash do not have the financial capability to take a large pay cut on their take-home amount. 

Gross Pay: Gross pay represents a nanny's total earnings before any deductions. 

Net Pay: Net pay is the amount a nanny takes home after all deductions have been made. These deductions typically encompass federal and state income taxes, Social Security and Medicare taxes (FICA), and any other withholdings mandated by law. Net pay is the amount deposited into the nanny’s bank account.  

To better understand your nanny tax and payroll obligations, we recommend using a Nanny Tax Calculator, such as this one from our partners at GTM Payroll. 

Understanding the difference between gross and net pay for nannies is essential for employers and employees. As an employer, you are responsible for withholding taxes while providing your nanny with a transparent breakdown of their earnings. A payroll service can do the work for you. By adhering to these practices, you foster a fair and open working relationship, promoting financial stability and compliance with tax laws.

As we navigate the evolving private childcare landscape, remaining informed about the average nanny pay for 2024 is critical for fostering positive relationships between families and caregivers. 
Keep an eye out for additional updates and insights on childcare trends and practices from A Nanny Match as we continue to support families and nannies in New York City and across various US cities and internationally in Italy.