Home › New Jersey › ZIP 07042

Daycare Costs Near Montclair, NJ (07042)

Opportunity Score

81 / 100 Excellent

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

Market Summary

ZIP 07042 is an urban area. with a population of 27,173 and household incomes well above the national median ($127,083). There are 11 daycare centers operations in ZIP 07042.

Area Profile

27,173

Population

$127,083

Median Income

+70% vs. national

Urban

Area Type

Median Age: 38.8 — mixed-age market, broad menu appeal.

College-Educated: 46.6% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 07042.

Daycare Centers

Moderate — proven market

4.0 per 10K residents

Schools

2.9 per 10K residents

What this means: Daycare Centers are 57.9% of the relevant market in ZIP 07042 (11 vs. 8 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,017

Median Gross Rent

$730 K

Median Home Value

Bank Branches

$640 K deposits

Childcare Assistance in New Jersey

Families in ZIP 07042 may qualify for state-funded childcare subsidies through New Jersey's CCDF program. Income limits and copays vary by county.

Check New Jersey subsidy eligibility ›

Already Getting a Subsidy? See How Much More You Can Save

The federal dependent care credit and Dependent Care FSA stack on top of subsidies. Most families save an additional $600–$2,100/year — in 10 seconds.

Calculate your tax savings ›