Daycare Centers Market: ZIP 55087
Opportunity Score
56
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55087 is an suburban area. with a population of 425 and household incomes well above the national median ($126,364).
Area Profile
425
Population
$126,364
Median Income
+69% vs. national
Suburban
Area Type
Median Age: 50.5 —
older demographic, may prefer sit-down options.
College-Educated: 20.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,120
2BR Fair Market Rent
$617
Median Gross Rent
$230 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 $126,364. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Suburban
vs. National Average
Median Income
+69% vs. $74,580
Nearby Markets
55052
2.2 mi
Pop: 1,894
$78,375
55021
10.2 mi
Pop: 30,860
$70,296
Walk: 9.0
56052
12.1 mi
Pop: 702
$89,688
55049
12.5 mi
Pop: 2,634
$90,700
56096
13.4 mi
Pop: 2,874
$79,879
Walk: 5.9
56093
14.2 mi
Pop: 12,742
$73,210
Walk: 5.9
55046
14.3 mi
Pop: 6,030
$91,982
56069
15.2 mi
Pop: 4,948
$81,919
Walk: 4.8
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