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Daycare Costs Near Elk River, MN (55330)

Opportunity Score

76 / 100 Good

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

Market Summary

ZIP 55330 is an urban area. with a population of 45,080 and household incomes well above the national median ($111,481). There are 9 daycare centers operations in ZIP 55330.

Area Profile

45,080

Population

$111,481

Median Income

+49% vs. national

Urban

Area Type

Median Age: 37.7 — mixed-age market, broad menu appeal.

College-Educated: 22.4% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 55330.

Daycare Centers

Moderate — proven market

2.0 per 10K residents

Schools

0.9 per 10K residents

What this means: Daycare Centers are 69.2% of the relevant market in ZIP 55330 (9 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,356

Median Gross Rent

$360 K

Median Home Value

Bank Branches

$1.2 M deposits

Childcare Assistance in Minnesota

Families in ZIP 55330 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.

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