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Daycare Centers Market: ZIP 08104

Opportunity Score

49 / 100 Fair

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

Market Summary

ZIP 08104 is an urban area with moderate foot traffic. with a population of 21,508 and household incomes below the national median ($36,566). There are 4 daycare centers operations in ZIP 08104.

Area Profile

21,508

Population

$36,566

Median Income

-51% vs. national

Urban

Area Type

14.2/20

Foot Traffic

Very Car-Dependent

Median Age: 33.4 — mixed-age market, broad menu appeal.

College-Educated: 5.4% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 08104.

Daycare Centers

Low competition — room to establish

1.9 per 10K residents

Schools

1.9 per 10K residents

What this means: Daycare Centers are 50.0% of the relevant market in ZIP 08104 (4 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,420

2BR Fair Market Rent

$1,105

Median Gross Rent

$88 K

Median Home Value

Tips for Starting a Daycare Business in New Jersey

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.
Median income sits at $36,566. Price sensitivity is real. Build your model around volume or keep overhead minimal.