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Daycare Costs Near Richmond, VA (23220)

Opportunity Score

49 / 100 Fair

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

Market Summary

ZIP 23220 is an urban area. with a population of 34,524 and household incomes near the national median ($56,681). There are 5 daycare centers operations in ZIP 23220.

Area Profile

34,524

Population

$56,681

Median Income

-24% vs. national

Urban

Area Type

Median Age: 28.7 — young market, strong street food demand.

College-Educated: 36.6% — balanced market for quality & value.

Competition

Daycare Centers and related businesses in ZIP 23220.

Daycare Centers

Low competition — room to establish

1.4 per 10K residents

Schools

1.2 per 10K residents

What this means: Daycare Centers are 55.6% of the relevant market in ZIP 23220 (5 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,354

Median Gross Rent

$470 K

Median Home Value

Bank Branches

$200 K deposits

Childcare Assistance in Virginia

Families in ZIP 23220 may qualify for state-funded childcare subsidies through Virginia's CCDF program. Income limits and copays vary by county.

Check Virginia 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 ›