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Daycare Costs Near Farmington, MN (55024)

Opportunity Score

75 / 100 Good

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

Market Summary

ZIP 55024 is an urban area. with a population of 36,681 and household incomes well above the national median ($123,582). There are 6 daycare centers operations in ZIP 55024.

Area Profile

36,681

Population

$123,582

Median Income

+66% vs. national

Urban

Area Type

Median Age: 36.2 — mixed-age market, broad menu appeal.

College-Educated: 23.8% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 55024.

Daycare Centers

Moderate — proven market

1.6 per 10K residents

Operating Costs

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

$1,427

Median Gross Rent

$350 K

Median Home Value

Bank Branches

$250 K deposits

Childcare Assistance in Minnesota

Families in ZIP 55024 may qualify for state-funded childcare subsidies through Minnesota's CCDF program. Income limits and copays vary by county.

Check Minnesota 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.

Calculate your tax savings ›