The Nanny Cheat $heet

You’ve already got the ins-and-outs of hiring a nanny – and maybe you already have one you adore. Then why – even when you lovelovelove her and you two talk about everything – can conversations about money feel so awkward? It’s usually because you don’t have a point of reference, says Erica Komisar, co-founder of Nannies Who Know, which trains and places nannies in New York. Her ballpark figures for hourly rates, raises and bonuses will help – and please, add your rules of thumb in the comments!


A few things to
keep in mind:

Generosity will never go unnoticed.

There are a few things that make a difference to your nanny and don’t cost you a lot:
1. If you’re in NYC and commute via subway, share a monthly unlimited MetroCard – doubles its use and costs you nothing extra since you would purchase anyway.
2. Add them to your family mobile plan.
3. Ask what they like to eat and keep it stocked at your house, so they don’t have to buy/bring lunch.

Always negotiate these things in advance. It’s good for both parties to have clear expectations and ensures a healthy relationship long-term.


The going rate

Prices are for NY, LA and SF. In other cities, rates will be less.
Hourly: $15 – $18 starting rate for one child; $18 – $21 for two.
Overnight: $50 – $75 flat rate from kids’ bedtime to wake up.
You’re late getting home: Same hourly rate, but round up. I.e. pay a full hour even if you’re just 15 late.
Comes on vacation with you: Additional $50 – $75 per night + all meals + regular rate for any days that fall on a weekend.
Birthday: $50 – $100 or the day off
Holiday gift/bonus: Small gift + 1 – 2 weeks pay as a bonus (depending on how happy you are with them).
Typical Raise after year 1: $1/hour
Typical Raise after year 2: $1/hour
Second child: Additional $3/hour