Daycare Centers Market: ZIP 02838
Opportunity Score
78
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02838 is an urban area. with a population of 4,007 and household incomes above the national median ($82,075).
Area Profile
4,007
Population
$82,075
Median Income
+10% vs. national
Urban
Area Type
Median Age: 35.1 —
mixed-age market, broad menu appeal.
College-Educated: 32.2% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,640
2BR Fair Market Rent
$1,311
Median Gross Rent
$330 K
Median Home Value
Tips for Starting a Daycare Business in Rhode Island
- 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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+10% vs. $74,580
Nearby Markets
02802
1.8 mi
Pop: 531
$125,522
02895
2.9 mi
Pop: 43,081
$58,579
Walk: 12.4
02865
4.0 mi
Pop: 18,033
$117,042
Walk: 9.9
02864
4.1 mi
Pop: 36,383
$118,737
Walk: 10.8
02896
4.5 mi
Pop: 11,683
$109,436
Walk: 8.8
02917
5.1 mi
Pop: 15,068
$106,772
Walk: 8.9
02824
6.2 mi
Pop: 375
$158,438
01504
6.3 mi
Pop: 9,211
$98,986
Walk: 7.5
Check Another Market
Or estimate costs with the DaycareCalc calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits