Daycare Centers Market: ZIP 55340
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55340 is an urban area. with a population of 9,776 and household incomes well above the national median ($174,120).
Area Profile
9,776
Population
$174,120
Median Income
+133% vs. national
Urban
Area Type
Median Age: 38.4 —
mixed-age market, broad menu appeal.
College-Educated: 40.1% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,260
2BR Fair Market Rent
$1,431
Median Gross Rent
$610 K
Median Home Value
3
Bank Branches
$310 K deposits
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 $174,120. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 3
vs. National Average
Median Income
+133% vs. $74,580
Nearby Markets
55311
5.5 mi
Pop: 37,873
$148,122
Walk: 8.7
55356
5.8 mi
Pop: 5,924
$171,333
55446
6.3 mi
Pop: 27,627
$169,412
55374
6.7 mi
Pop: 15,812
$152,239
Walk: 5.1
55357
7.3 mi
Pop: 3,704
$147,256
55447
7.8 mi
Pop: 21,001
$128,781
Walk: 11.1
55391
8.1 mi
Pop: 15,469
$170,115
Walk: 9.9
55341
8.3 mi
Pop: 3,454
$147,903
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