Daycare Centers Market: ZIP 55001
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55001 is an urban area. with a population of 2,956 and household incomes well above the national median ($130,625).
Area Profile
2,956
Population
$130,625
Median Income
+75% vs. national
Urban
Area Type
Median Age: 50.4 —
older demographic, may prefer sit-down options.
College-Educated: 45.5% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,770
2BR Fair Market Rent
$650 K
Median Home Value
Tips for Starting a Daycare Business in Minnesota
- 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 $130,625. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+75% vs. $74,580
Nearby Markets
55043
4.5 mi
Pop: 3,471
$101,754
Walk: 8.3
55129
5.2 mi
Pop: 32,016
$152,500
55003
8.0 mi
Pop: 3,948
$115,781
Walk: 2.3
55042
8.0 mi
Pop: 13,156
$154,779
Walk: 7.1
55125
8.3 mi
Pop: 44,929
$118,129
Walk: 10.3
55016
9.7 mi
Pop: 39,925
$121,295
Walk: 7.8
54016
10.3 mi
Pop: 33,784
$111,402
Walk: 7.9
55128
11.7 mi
Pop: 28,945
$89,642
Walk: 10.2
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