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Daycare Costs Near Lake Elmo, MN (55042)

Opportunity Score

72 / 100 Good

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

Market Summary

ZIP 55042 is an urban area. with a population of 13,156 and household incomes well above the national median ($154,779). There are 4 daycare centers operations in ZIP 55042.

Area Profile

13,156

Population

$154,779

Median Income

+108% vs. national

Urban

Area Type

Median Age: 40.8 — older demographic, may prefer sit-down options.

College-Educated: 41.8% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 55042.

Daycare Centers

Low competition — room to establish

3.0 per 10K residents

Operating Costs

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

$2,204

Median Gross Rent

$590 K

Median Home Value

Bank Branches

$310 K deposits

Childcare Assistance in Minnesota

Families in ZIP 55042 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 ›