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Daycare Centers Market: ZIP 47022

Opportunity Score
78 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 47022 is an urban area. with a population of 2,837 and household incomes well above the national median ($104,375).

Area Profile

2,837
Population
$104,375
Median Income
+40% vs. national
Urban
Area Type
Median Age: 43.5 — older demographic, may prefer sit-down options.
College-Educated: 22.1% — value-focused market, keep prices competitive.

Operating Costs

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

$1,080
2BR Fair Market Rent
$290 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.
  • The median income here is $104,375. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits