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Daycare Costs Near Newark, NJ (07102)

Opportunity Score

44 / 100 Fair

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

Market Summary

ZIP 07102 is an urban area. with a population of 12,954 and household incomes below the national median ($37,093). There are 6 daycare centers operations in ZIP 07102.

Area Profile

12,954

Population

$37,093

Median Income

-50% vs. national

Urban

Area Type

Median Age: 32.3 — mixed-age market, broad menu appeal.

College-Educated: 20.7% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 07102.

Daycare Centers

Moderate — proven market

4.6 per 10K residents

Schools

7.7 per 10K residents

What this means: Daycare Centers are 37.5% of the relevant market in ZIP 07102 (6 vs. 10 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,141

Median Gross Rent

$290 K

Median Home Value

Bank Branches

$3.2 M deposits

Childcare Assistance in New Jersey

Families in ZIP 07102 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 ›