Home › New Jersey › ZIP 07103

Daycare Costs Near Newark, NJ (07103)

Opportunity Score

52 / 100 Fair

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

Market Summary

ZIP 07103 is an urban area. with a population of 36,733 and household incomes below the national median ($42,397). There are 11 daycare centers operations in ZIP 07103.

Area Profile

36,733

Population

$42,397

Median Income

-43% vs. national

Urban

Area Type

Median Age: 31.8 — mixed-age market, broad menu appeal.

College-Educated: 12.1% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 07103.

Daycare Centers

Moderate — proven market

3.0 per 10K residents

Schools

1.6 per 10K residents

What this means: Daycare Centers are 64.7% of the relevant market in ZIP 07103 (11 vs. 6 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,289

Median Gross Rent

$260 K

Median Home Value

Bank Branches

$84 K deposits

Childcare Assistance in New Jersey

Families in ZIP 07103 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 ›