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Daycare Costs Near Silver Spring, MD (20902)

Opportunity Score

84 / 100 Excellent

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

Market Summary

ZIP 20902 is an urban area. with a population of 53,170 and household incomes well above the national median ($111,408). There are 15 daycare centers operations in ZIP 20902.

Area Profile

53,170

Population

$111,408

Median Income

+49% vs. national

Urban

Area Type

Median Age: 37.0 — mixed-age market, broad menu appeal.

College-Educated: 31.6% — balanced market for quality & value.

Competition

Daycare Centers and related businesses in ZIP 20902.

Daycare Centers

Moderate — proven market

2.8 per 10K residents

Schools

1.3 per 10K residents

What this means: Daycare Centers are 68.2% of the relevant market in ZIP 20902 (15 vs. 7 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,088

Median Gross Rent

$530 K

Median Home Value

Bank Branches

$1.2 M deposits

Childcare Assistance in Maryland

Families in ZIP 20902 may qualify for state-funded childcare subsidies through Maryland's CCDF program. Income limits and copays vary by county.

Check Maryland 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 ›