BUFFALO, N.Y. — What do you think costs more, child care or rent?
A new report finds child care costs in Buffalo are among the highest in the country, especially when compared to rent.
LendingTree researched the average monthly cost for a two-bedroom place in Buffalo. The price tag was around $1,160. The cost for child care, however, was $1,400 — or $300 more.
Matt Schulz, chief credit analyst for LendingTree, discussed the findings with 2 On Your Side.
"What we found was Rochester, Buffalo, Syracuse, some of the big cities in upstate New York had among the biggest differences between child care costs and rent costs of any big cities in America," he said.
When you break down the figures, people in Buffalo are paying about 22 percent more for infant care. That's the third-highest margin nationwide.
"In 91 of the 100 largest U.S. metros, the average monthly cost of full-time, center-based care for two children exceeds the monthly rent. In nine of those metros, child care costs are double rent costs," LendingTree said.