Depending on the cost of living in your area and other factors, $650 per week for a nanny may or may not seem like much. It is a good salary either way; New York is one of the most expensive places to live in the United States, but $650 per week doesn’t sound bad overall.
Weekly pay for a nanny in NYC is the topic of the day. What I want to cover here is whether or not this $650 a week is a reasonable amount to offer your nanny and what you can expect workers to charge in New York City.
The answer to this question depends on a number of factors, including the cost of living in New York City and the responsibilities of your nanny’s job.
According to data from Glassdoor, $650 a week is a reasonable salary for a nanny in NYC. However, it should be noted that this number does not include benefits or other perks that may be provided by your employer.
In addition to the cost of living in New York City, the salary you pay your nanny should also take into account the costs associated with employing one. For example, if you are hiring an individual who lives out-of-state and has to travel back and forth from their home state every week (or multiple times per month), they may need compensation for travel expenses as well as housing costs while they are away from home.
If you have questions about how much money you should be paying someone for their services, consult an accountant or lawyer who specializes in employment law so they can help you determine whether or not what you are offering is fair compensation under federal law.
Is $650 a week a good salary for a nanny in nyc
Introduction
The short answer is: no. In fact, it’s a bit below average. Based on the latest data from the Bureau of Labor Statistics (BLS), nannies make an average salary of $25,610 per year, which breaks down to $12.36 an hour or $2,860 every two weeks. Assuming she is working 40 hours a week as most nannies do, this makes her weekly salary $957 gross and $719 net after taxes and payroll deductions. If your employer pays you more than that then you’re among the lucky ones!
$650 is a good weekly wage for a nanny
$650 a week is the average wage for a nanny in New York City, which is higher than the national and U.S. averages but not by much. The national average for nanny wages is $560 per week, while the U.S. average is $496 per month (or about $4,320 per year).
So if you’re looking for a job as a nanny in New York City and want to make sure that your salary is competitive with other candidates’, it’s best to know what others in your field are earning before asking for more than $650 or so each week.
It’s not a great wage but it’s higher than the U.S. average
Looking at the current average salary of a nanny in NYC, we can see that it is higher than the national average. But how much? Well, let’s take a look at the numbers:
- $650 – this is what you get if you’re lucky enough to be one of the many highly-educated and experienced nannies who are hired by people with money to burn.
- $550 – this is your starting salary if you have little or no experience. It’s also what most nannies make when they first begin their careers in New York City because employers tend not to pay very well until they’ve proven themselves worthy of more money (which usually takes about three years). They’ll try to convince you that this is enough for living expenses—but let me tell ya: IT IS NOT! You’re gonna need some more cash on hand unless you wanna live off Ramen noodles for dinner every night (which isn’t really my idea of fun).
Conclusion
$650 per week is a good starting salary for a nanny in NYC. However, you will want to do your research to determine if it’s right for you. The average salary of a full-time nanny in New York City ranges between $600 and $1000 per week. If your new position pays above average then that’s great! But don’t just look at the salary when deciding whether or not this job is worth taking. Consider all the benefits that come with being employed as well such as vacation time off, health insurance coverage and are they willing to pay for additional educational opportunities like college courses or seminars? You should also consider how long you expect them to keep working at this rate and whether or not it’s worth staying if their expectations change over time so be sure ask these questions during your interview process too!
