OECD: Childcare costs make up 1/5 of income in UK
The UK has the fourth highest childcare costs of any OECD country, according to estimates for a household with two children and two working parents (see below).
Net childcare costs sit at 19% of the average wage in the UK, according to 2022 data; compared to 37% in New Zealand, but 10% across the OECD.
All estimates are made by the OECD for year 2022, with costs calculated based on the assumptions of: a couple with two children, one parent earning 67% of average wage and one parent earning minimum wage, both children attending full time. Costs as % of average wage. No adjustments made for social assistance.
