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Daycare Costs Near Minneapolis, MN (55403)

Opportunity Score

55 / 100 Fair

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

Market Summary

ZIP 55403 is an urban area. with a population of 17,354 and household incomes near the national median ($59,928). There are 8 daycare centers operations in ZIP 55403.

Area Profile

17,354

Population

$59,928

Median Income

-20% vs. national

Urban

Area Type

Median Age: 34.3 — mixed-age market, broad menu appeal.

College-Educated: 48.9% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 55403.

Daycare Centers

Moderate — proven market

4.6 per 10K residents

Schools

2.3 per 10K residents

What this means: Daycare Centers are 66.7% of the relevant market in ZIP 55403 (8 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,199

Median Gross Rent

$290 K

Median Home Value

Childcare Assistance in Minnesota

Families in ZIP 55403 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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