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Daycare Costs Near Memphis, TN (38117)

Opportunity Score

63 / 100 Good

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

Market Summary

ZIP 38117 is an urban area. with a population of 26,327 and household incomes above the national median ($93,688). There are 4 daycare centers operations in ZIP 38117.

Area Profile

26,327

Population

$93,688

Median Income

+26% vs. national

Urban

Area Type

Median Age: 38.6 — mixed-age market, broad menu appeal.

College-Educated: 43.2% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 38117.

Daycare Centers

Low competition — room to establish

1.5 per 10K residents

Schools

2.7 per 10K residents

What this means: Daycare Centers are 36.4% of the relevant market in ZIP 38117 (4 vs. 7 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,353

Median Gross Rent

$290 K

Median Home Value

Bank Branches

$1.7 M deposits

Childcare Assistance in Tennessee

Families in ZIP 38117 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 ›