DaycareCalc
Showing results for ZIP 12020 (NY)
Home ZIP 55357

Daycare Centers Market: ZIP 55357

Opportunity Score
96 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 55357 is an urban area. with a population of 3,704 and household incomes well above the national median ($147,256).

Area Profile

3,704
Population
$147,256
Median Income
+97% vs. national
Urban
Area Type
Median Age: 44.1 — older demographic, may prefer sit-down options.
College-Educated: 33.9% — balanced market for quality & value.

Operating Costs

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

$1,460
2BR Fair Market Rent
$1,146
Median Gross Rent
$490 K
Median Home Value
1
Bank Branches
$97 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 $147,256. 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