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Daycare Costs Near Passaic, NJ (07055)

Opportunity Score

63 / 100 Good

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

Market Summary

ZIP 07055 is an urban area. with a population of 69,651 and household incomes near the national median ($56,780). There are 15 daycare centers operations in ZIP 07055.

Area Profile

69,651

Population

$56,780

Median Income

-24% vs. national

Urban

Area Type

Median Age: 30.9 — mixed-age market, broad menu appeal.

College-Educated: 9.7% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 07055.

Daycare Centers

Moderate — proven market

2.2 per 10K residents

Schools

1.1 per 10K residents

What this means: Daycare Centers are 65.2% of the relevant market in ZIP 07055 (15 vs. 8 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,392

Median Gross Rent

$410 K

Median Home Value

Bank Branches

$950 K deposits

Childcare Assistance in New Jersey

Families in ZIP 07055 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 ›