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Daycare Costs Near Hopkins, MN (55305)

Opportunity Score

68 / 100 Good

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

Market Summary

ZIP 55305 is an urban area. with a population of 21,274 and household incomes well above the national median ($106,480). There are 5 daycare centers operations in ZIP 55305.

Area Profile

21,274

Population

$106,480

Median Income

+43% vs. national

Urban

Area Type

Median Age: 39.8 — mixed-age market, broad menu appeal.

College-Educated: 46.3% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 55305.

Daycare Centers

Low competition — room to establish

2.4 per 10K residents

Operating Costs

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

$1,774

Median Gross Rent

$440 K

Median Home Value

Bank Branches

$1.3 M deposits

Childcare Assistance in Minnesota

Families in ZIP 55305 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 ›