Daycare Centers Market: ZIP 47016
Opportunity Score
28
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47016 is an urban area. with a population of 683 and household incomes near the national median ($66,533).
Area Profile
683
Population
$66,533
Median Income
-11% vs. national
Urban
Area Type
Median Age: 55.8 —
older demographic, may prefer sit-down options.
College-Educated: 13.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,140
2BR Fair Market Rent
$738
Median Gross Rent
$220 K
Median Home Value
Tips for Starting a Daycare Business in Indiana
- Licensing comes first. State childcare licensing takes 3-6 months in most states. Start that paperwork before you sign a lease.
- Staff-to-child ratios are set by law and they dictate your entire cost structure. Know your state's ratios before building a financial model.
- Location matters more than marketing. Parents pick daycares within 10 minutes of home or work. Proximity to commuter routes beats a nice website.
- Insurance costs $3,000-$10,000/year depending on your state and capacity. Get quotes early. Some carriers won't cover home-based operations.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
-11% vs. $74,580
Nearby Markets
47035
4.4 mi
Pop: 266
$36,489
47060
5.7 mi
Pop: 6,379
$75,878
Walk: 5.0
45053
7.2 mi
Pop: 3,717
$111,409
Walk: 4.2
47012
7.5 mi
Pop: 10,891
$86,369
Walk: 11.0
47010
9.4 mi
Pop: 154
$105,417
45030
11.8 mi
Pop: 21,328
$97,228
Walk: 7.3
47022
12.1 mi
Pop: 2,837
$104,375
45056
13.2 mi
Pop: 27,598
$53,413
Walk: 8.5
Check Another Market
Or estimate costs with the DaycareCalc calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits