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Daycare Centers Market: ZIP 02920

Opportunity Score

70 / 100 Good

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

Market Summary

ZIP 02920 is an urban area with high foot traffic. with a population of 36,332 and household incomes above the national median ($79,246). There are 11 daycare centers operations in ZIP 02920.

Area Profile

36,332

Population

$79,246

Median Income

+6% vs. national

Urban

Area Type

16.0/20

Foot Traffic

Very Walkable

Median Age: 40.8 — older demographic, may prefer sit-down options.

College-Educated: 23.7% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 02920.

Daycare Centers

Moderate — proven market

3.0 per 10K residents

Operating Costs

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

$1,770

2BR Fair Market Rent

$1,271

Median Gross Rent

$340 K

Median Home Value

Bank Branches

$1.8 M deposits

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.