Home › Minnesota › ZIP 55406

Daycare Costs Near Minneapolis, MN (55406)

Opportunity Score

89 / 100 Excellent

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

Market Summary

ZIP 55406 is an urban area. with a population of 35,863 and household incomes above the national median ($91,865). There are 25 daycare centers operations in ZIP 55406.

Area Profile

35,863

Population

$91,865

Median Income

+23% vs. national

Urban

Area Type

Median Age: 39.7 — mixed-age market, broad menu appeal.

College-Educated: 43.1% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 55406.

Daycare Centers

Competitive — differentiation needed

7.0 per 10K residents

Schools

1.4 per 10K residents

What this means: Daycare Centers are 83.3% of the relevant market in ZIP 55406 (25 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,276

Median Gross Rent

$340 K

Median Home Value

Bank Branches

$730 K deposits

Childcare Assistance in Minnesota

Families in ZIP 55406 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.

Calculate your tax savings ›