Daycare Centers Market: ZIP 47120
Opportunity Score
26
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47120 is an urban area. with a population of 824 and household incomes near the national median ($58,906).
Area Profile
824
Population
$58,906
Median Income
-21% vs. national
Urban
Area Type
Median Age: 47.5 —
older demographic, may prefer sit-down options.
College-Educated: 6.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,180
2BR Fair Market 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
-21% vs. $74,580
Nearby Markets
47164
7.2 mi
Pop: 3,319
$62,181
47125
7.9 mi
Pop: 1,684
$60,977
47115
8.2 mi
Pop: 2,929
$83,796
47166
10.7 mi
Pop: 1,531
$72,386
Walk: 3.0
47161
11.2 mi
Pop: 3,362
$84,318
47145
12.1 mi
Pop: 1,782
$47,988
Walk: 5.8
47167
12.1 mi
Pop: 15,573
$57,697
Walk: 8.5
47165
13.0 mi
Pop: 6,599
$76,071
Walk: 5.2
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