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Daycare Costs Near Memphis, TN (38111)

Opportunity Score

53 / 100 Fair

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

Market Summary

ZIP 38111 is an urban area. with a population of 43,308 and household incomes near the national median ($52,806). There are 9 daycare centers operations in ZIP 38111.

Area Profile

43,308

Population

$52,806

Median Income

-29% vs. national

Urban

Area Type

Median Age: 32.9 — mixed-age market, broad menu appeal.

College-Educated: 23.9% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 38111.

Daycare Centers

Moderate — proven market

2.1 per 10K residents

Schools

0.9 per 10K residents

What this means: Daycare Centers are 69.2% of the relevant market in ZIP 38111 (9 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,077

Median Gross Rent

$170 K

Median Home Value

Bank Branches

$460 K deposits

Childcare Assistance in Tennessee

Families in ZIP 38111 may qualify for state-funded childcare subsidies through Tennessee's CCDF program. Income limits and copays vary by county.

Check Tennessee 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 ›