Daycare Centers Market: ZIP 02841
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02841 is an urban area with moderate foot traffic.
Area Profile
1,414
Population
Urban
Area Type
14.2/20
Foot Traffic
Very Car-Dependent
Median Age: 24.7 —
young market, strong street food demand.
College-Educated: 31.5% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,210
2BR Fair Market Rent
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
- Foot Traffic
- Very Car-Dependent
vs. National Average
Walkability
+3.7 pts vs. national avg
Nearby Markets
02840
2.2 mi
Pop: 23,615
$83,515
Walk: 14.5
02835
3.3 mi
Pop: 5,545
$141,442
Walk: 10.3
02842
4.0 mi
Pop: 16,920
$97,650
Walk: 11.5
02872
6.2 mi
Pop: 105
$132,969
02871
7.3 mi
Pop: 17,635
$119,135
Walk: 10.4
02874
10.0 mi
Pop: 6,715
$155,099
Walk: 8.7
02852
10.6 mi
Pop: 23,269
$112,457
Walk: 9.2
02837
11.3 mi
Pop: 3,601
$129,750
Walk: 6.8
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