> The lion's share of overhead for a daycare goes towards its real estate costs.
Not really. Salaries are by far the highest cost.
> The lion's share of overhead for a daycare goes towards its real estate costs.
Not really. Salaries are by far the highest cost.
And the largest part of those salaries is again used to pay for housing.
Roughly one thirds of American incomes go to cover housing. Cheaper housing means lower wage demands.
Yeah but real estate costs a close Second. Then probably insurance
Not that close. For example for the place where my child went to day care, the rental was $6K/mo but salaries were near $35K/mo. And that was just direct salaries, I don't have the numbers for other employee overhead costs like social security, 401k, medical, etc, so it's quite a bit more than that. This was in California. So safe to say the employee costs were at least 7x the real estate rental cost.