Home › Minnesota › ZIP 55420

Daycare Costs Near Minneapolis, MN (55420)

Opportunity Score

56 / 100 Fair

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

Market Summary

ZIP 55420 is an urban area. with a population of 24,008 and household incomes above the national median ($77,539). There are 4 daycare centers operations in ZIP 55420.

Area Profile

24,008

Population

$77,539

Median Income

+4% vs. national

Urban

Area Type

Median Age: 38.8 — mixed-age market, broad menu appeal.

College-Educated: 21.5% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 55420.

Daycare Centers

Low competition — room to establish

1.7 per 10K residents

Schools

1.2 per 10K residents

What this means: Daycare Centers are 57.1% of the relevant market in ZIP 55420 (4 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,277

Median Gross Rent

$310 K

Median Home Value

Bank Branches

$1.9 M deposits

Childcare Assistance in Minnesota

Families in ZIP 55420 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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