One of the first questions families ask when they call us to discuss their childcare needs is “How much does a nanny cost in Denver?” The answer is not as simple as the online sites would lead you to believe.
Families often see low wages advertised online, for example in Facebook parent groups or on Next Door. However, many of these “nannies” lack essentials like verifiable childcare experience, a valid driver’s license or even a high school diploma. Some have inconsistent work histories, lack the authorization to work in the U.S. (a significant risk for families), or have been rejected by reputable agencies like ABC due to subpar professional references, unprofessional behavior, or red flags on their background check.
The real answer to the question about how much a nanny costs is: “It depends on a number of variables.” Let’s take a closer look at those variables and what you can expect to pay in the Denver metro area.
Factors that affect Nanny Rates
Several factors can impact how much you’ll pay for a nanny in Denver:
- Experience and Qualifications: Nannies with extensive experience, specialized skills (e.g., bilingual or Montessori training) or a college education typically command a higher wage.
- Number of Children: Caring for multiples (twins, triplets etc.), or three or more children, increases the complexity of the job and often results in higher pay.
- Responsibilities: If your nanny’s duties go beyond childcare and child-related duties prepare to pay more.
- Live-In vs. Live-Out: Live-in nannies often have slightly lower rates since room and board are part of their compensation package.
- Full-time vs. Part-time: Due to high demand and low supply, part-time nannies typically garner a dollar or two more per hour than full-time nannies.
- Location: Denver and Boulder’s high cost of living, as compared to other Metro areas in the Front Range such as Fort Collins or Colorado Springs, result in higher hourly rates.
- Schedule and Flexibility: Families needing variable schedules, evenings or weekends may pay a premium for a nanny’s availability and flexibility.
Nanny Pay Rates in Denver
Nannies who meet or exceed ABC’s minimum candidate qualifications typically charge $27 to $32+ per hour (gross), with some nannies making a dollar or two less and while others are earning $3-$5+ per hour more. For a full-time nanny working 40 hours a week, this equates to $1,080 to $1,280+ per week or $56,160 to $66,500+ per year before taxes.
To learn more about market rates in other metro areas in Colorado, and to compare the cost of hiring a beginner nanny all the way up to a career nanny with 10+ years of experience, check out our blog: Nanny Rates in Colorado.
Beyond Hourly Wage: Setting Your Family’s Nanny Budget
When budgeting, it’s important to consider additional costs beyond the nanny’s hourly wage, too. Here are three key factors families should plan for:
- Taxes and Payroll: As an employer, you are responsible for taxes such as Social Security, Medicare, and unemployment insurance. Most families pay about 10% of their nanny’s wages in employment taxes and many use a professional payroll service to manage these obligations. Good news: there are tax breaks for families who pay legally!
- Benefits: Offering competitive benefits can make your position more attractive to candidates. For more information on benefits in the Denver nanny market check out our blog post: The ABC’s of Nanny and Household Employee Benefits in Colorado.
- Agency Fees: If you use a nanny placement agency, like ABC, plan to pay a placement fee for their service that’s typically between 12-20% of the nanny’s first year compensation. I’d urge you to take a good look at the agency’s client and candidate reviews, agency fees and associated staffing guarantees before selecting the service that’s right for you.
Being informed and financially prepared for these added expenses ensures a smoother hiring process and a more positive experience for both your family and your nanny.
Is a Nanny Worth the Investment?
For many Denver families, hiring a nanny is about more than convenience; it’s about personalized, in-home care and peace of mind knowing your children are in the best possible hands. While the cost may seem high, the benefits of having a trusted professional who can provide support to your whole family often outweigh the additional expense.
Ready to Hire a Nanny in Denver?
At ABC Nannies, we specialize in connecting Denver families with exceptional nannies. Our personalized placement process ensures we’ll find the perfect match for your family’s unique needs within your budget. Contact us today to learn more about our service and the 100+ pre-screened, experienced and carefully vetted nannies we are currently representing!
Discover the ABC Nannies difference. With over 30 years of proven success, ABC connects exceptional nannies and household staff with local families who value professionalism, reliability and top-notch care.
- If you found this article useful, you might also enjoy this: Nanny Pay Rates in Colorado.
- If you’re a family looking to hire a nanny, we’d love to help. Complete our Family Application here.
- If you’re a candidate looking for your next position, apply here.
