Home › Minnesota › ZIP 55423

Daycare Costs Near Minneapolis, MN (55423)

Opportunity Score

69 / 100 Good

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

Market Summary

ZIP 55423 is an urban area. with a population of 36,779 and household incomes above the national median ($84,102). There are 12 daycare centers operations in ZIP 55423.

Area Profile

36,779

Population

$84,102

Median Income

+13% vs. national

Urban

Area Type

Median Age: 38.9 — mixed-age market, broad menu appeal.

College-Educated: 32.9% — balanced market for quality & value.

Competition

Daycare Centers and related businesses in ZIP 55423.

Daycare Centers

Moderate — proven market

3.3 per 10K residents

Schools

2.7 per 10K residents

What this means: Daycare Centers are 54.5% of the relevant market in ZIP 55423 (12 vs. 10 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,334

Median Gross Rent

$320 K

Median Home Value

Bank Branches

$740 K deposits

Childcare Assistance in Minnesota

Families in ZIP 55423 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 ›