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Daycare Costs Near Memphis, TN (38120)

Opportunity Score

75 / 100 Good

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

Market Summary

ZIP 38120 is an urban area. with a population of 13,249 and household incomes well above the national median ($119,309). There are 6 daycare centers operations in ZIP 38120.

Area Profile

13,249

Population

$119,309

Median Income

+60% vs. national

Urban

Area Type

Median Age: 45.0 — older demographic, may prefer sit-down options.

College-Educated: 53.9% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 38120.

Daycare Centers

Moderate — proven market

4.5 per 10K residents

Schools

2.3 per 10K residents

What this means: Daycare Centers are 66.7% of the relevant market in ZIP 38120 (6 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,552

Median Gross Rent

$420 K

Median Home Value

Bank Branches

$2.9 M deposits

Childcare Assistance in Tennessee

Families in ZIP 38120 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 ›