DaycareCalc
Showing results for ZIP 48116 (MI)
Home ZIP 55346

Daycare Centers Market: ZIP 55346

Opportunity Score
80 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 55346 is an urban area with low foot traffic. with a population of 18,602 and household incomes well above the national median ($137,125).

Area Profile

18,602
Population
$137,125
Median Income
+84% vs. national
Urban
Area Type
8.4/20
Foot Traffic
Car-Dependent
Median Age: 41.5 — older demographic, may prefer sit-down options.
College-Educated: 43.5% — strong appetite for artisan/specialty food.

Operating Costs

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

$2,270
2BR Fair Market Rent
$1,823
Median Gross Rent
$460 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 $137,125. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits