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Daycare Costs Near Memphis, TN (38115)

Opportunity Score

56 / 100 Fair

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

Market Summary

ZIP 38115 is an urban area. with a population of 36,878 and household incomes below the national median ($42,931). There are 13 daycare centers operations in ZIP 38115.

Area Profile

36,878

Population

$42,931

Median Income

-42% vs. national

Urban

Area Type

Median Age: 29.9 — young market, strong street food demand.

College-Educated: 8.7% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 38115.

Daycare Centers

Moderate — proven market

3.5 per 10K residents

Schools

1.4 per 10K residents

What this means: Daycare Centers are 72.2% of the relevant market in ZIP 38115 (13 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,129

Median Gross Rent

$130 K

Median Home Value

Bank Branches

$470 K deposits

Childcare Assistance in Tennessee

Families in ZIP 38115 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 ›