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Home ZIP 02876

Daycare Centers Market: ZIP 02876

Opportunity Score
8 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 02876 is an urban area. with a population of 444 and household incomes below the national median ($33,008).

Area Profile

444
Population
$33,008
Median Income
-56% vs. national
Urban
Area Type
Median Age: 59.9 — older demographic, may prefer sit-down options.
College-Educated: 18.9% — value-focused market, keep prices competitive.

Operating Costs

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

$2,420
2BR Fair Market Rent
$1,694
Median Gross 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.
  • Median income sits at $33,008. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits