If you feel like you're drowning in child care costs every month, you're not alone!

Though there are a lot of perks to living in Colorado, cost of living isn't necessarily one of them. A new report put out by the U.S. Congress Joint Economic Committee states that Colorado ranks third in highest average infant care costs ($14,950 per year) and then ranks seventh in highest average child care costs for a 4-year-old ($11,089 per year). With costs as high as these, how do people with young children make it financially? Infant care accounts for 19.5 percent of a median family income, while that percentage becomes 49.8 percent of a single mother's median income. child care Only the District of Columbia and Massachusetts rank higher in annual infant care costs, at $22,658 and $17,082, respectively. Mississippi averaged the cheapest infant care, at $5,045 per year, making up 11.2 percent of a median family income. Read the full U.S. Congress Joint Economic Committee report for more details and statistics on every state!

Millennials Are Struggling with Cost of Living, Too! Read More Here.