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Daycare Costs Near Memphis, TN (38114)

Opportunity Score

47 / 100 Fair

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

Market Summary

ZIP 38114 is an urban area. with a population of 20,440 and household incomes below the national median ($32,080). There are 9 daycare centers operations in ZIP 38114.

Area Profile

20,440

Population

$32,080

Median Income

-57% vs. national

Urban

Area Type

Median Age: 42.3 — older demographic, may prefer sit-down options.

College-Educated: 10.2% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 38114.

Daycare Centers

Moderate — proven market

4.4 per 10K residents

Operating Costs

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

$897

Median Gross Rent

$79 K

Median Home Value

Bank Branches

$63 K deposits

Childcare Assistance in Tennessee

Families in ZIP 38114 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 ›