$20-25 per day
People also ask
How much does it cost to foster a child?
After a quick glance through the list of reimbursement rates by state, you might estimate that $20-$25 per day (or about $1 an hour) is an average amount. Let鈥檚 talk realistically about how far that money goes. My first placement as a foster parent was with me for two and a half days.
Is foster parenting a lucrative way to make money?
I assure you, foster parenting is NOT a lucrative way to make money. Yes, foster parents get paid monthly. No, this does not cover the costs of adding another child (or children) to the household. In order to become a foster parent, one of the requirements is to show you are financially stable.
How much do foster carers get paid in the UK?
But if the council didn’t pay a reasonable amount of money they wouldn’t have any foster carers, The UK pay you an amount for the age of the child a 15 year old would get 190 a week plus some councils pay wages of 150 a week so that is 340 a WEEK which it doesn’t cost to keep a child but as a job is about 2 an hour because it is a 24 hour job.
Which states pay foster parents the highest salaries?
We鈥檝e identified 11 states where the typical salary for a Foster Parent job is above the national average. Topping the list is Hawaii, with Massachusetts and Rhode Island close behind in second and third.