Daycare Centers Market: ZIP 55438
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55438 is an urban area with low foot traffic. with a population of 15,847 and household incomes well above the national median ($103,488).
Area Profile
15,847
Population
$103,488
Median Income
+39% vs. national
Urban
Area Type
7.2/20
Foot Traffic
Car-Dependent
Median Age: 44.0 —
older demographic, may prefer sit-down options.
College-Educated: 40.8% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,880
2BR Fair Market Rent
$1,554
Median Gross Rent
$410 K
Median Home Value
2
Bank Branches
$87 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 $103,488. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 2
vs. National Average
Median Income
+39% vs. $74,580
Walkability
-3.3 pts vs. national avg
Nearby Markets
55437
3.0 mi
Pop: 19,282
$98,120
Walk: 9.7
55439
3.6 mi
Pop: 9,475
$173,925
Walk: 7.7
55344
4.1 mi
Pop: 14,180
$89,590
Walk: 9.9
55378
4.7 mi
Pop: 32,072
$122,237
Walk: 9.8
55435
5.0 mi
Pop: 13,698
$75,829
Walk: 14.0
55431
5.1 mi
Pop: 19,075
$103,125
Walk: 12.1
55347
5.3 mi
Pop: 30,467
$152,850
Walk: 7.5
55436
5.9 mi
Pop: 14,573
$132,487
Walk: 9.1
Check Another Market
Or estimate costs with the DaycareCalc calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits