A new study shows that parents are spending about 24% of their household income on child care. The U.S. Department of Health and Human Services considers child care affordable if it costs the family no more than 7% of their household income.

The study also showed that more than one-third of parents are using their savings to help pay for child care.

READ: New study shows childcare costs are more than in-state college tuition in Florida

The Economic Policy Institute reports that in Florida the average annual cost of child care is $9,238 or about $770 a month.

We want to hear from you, do you think you pay too much for child care? Why or why not? Share your response in the form below and it could be read on a channel 4 newscast.