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Daycare Costs Near Richmond, IN (47374)

Opportunity Score

48 / 100 Fair

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

Market Summary

ZIP 47374 is an suburban area. with a population of 45,186 and household incomes near the national median ($52,566). There are 5 daycare centers operations in ZIP 47374.

Area Profile

45,186

Population

$52,566

Median Income

-30% vs. national

Suburban

Area Type

Median Age: 40.6 — older demographic, may prefer sit-down options.

College-Educated: 14.9% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 47374.

Daycare Centers

Low competition — room to establish

1.1 per 10K residents

Schools

0.7 per 10K residents

What this means: Daycare Centers are 62.5% of the relevant market in ZIP 47374 (5 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$816

Median Gross Rent

$120 K

Median Home Value

Bank Branches

$2.9 M deposits

Childcare Assistance in Indiana

Families in ZIP 47374 may qualify for state-funded childcare subsidies through Indiana's CCDF program. Income limits and copays vary by county.

Check Indiana 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.

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