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Daycare Centers Market: ZIP 01840

Opportunity Score

51 / 100 Fair

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 01840 is an urban area with high foot traffic. with a population of 7,092 and household incomes below the national median ($34,630). There are 3 daycare centers operations in ZIP 01840.

Area Profile

7,092

Population

$34,630

Median Income

-54% vs. national

Urban

Area Type

17.5/20

Foot Traffic

Very Walkable

Median Age: 36.9 — mixed-age market, broad menu appeal.

College-Educated: 9.1% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 01840.

Daycare Centers

Low competition — room to establish

4.2 per 10K residents

Schools

4.2 per 10K residents

What this means: Daycare Centers are 50.0% of the relevant market in ZIP 01840 (3 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,740

2BR Fair Market Rent

$1,174

Median Gross Rent

Bank Branches

$220 K deposits

Tips for Starting a Daycare Business in Massachusetts

Licensing comes first. State childcare licensing takes 3-6 months in most states. Start that paperwork before you sign a lease.
Staff-to-child ratios are set by law and they dictate your entire cost structure. Know your state's ratios before building a financial model.
Location matters more than marketing. Parents pick daycares within 10 minutes of home or work. Proximity to commuter routes beats a nice website.
Insurance costs $3,000-$10,000/year depending on your state and capacity. Get quotes early. Some carriers won't cover home-based operations.
Median income sits at $34,630. Price sensitivity is real. Build your model around volume or keep overhead minimal.