Daycare Centers Market: ZIP 55450
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55450 is an urban area with moderate foot traffic.
Area Profile
0
Population
Urban
Area Type
11.9/20
Foot Traffic
Walkable
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
vs. National Average
Walkability
+1.4 pts vs. national avg
Nearby Markets
55425
1.5 mi
Pop: 10,562
$68,517
Walk: 12.0
55417
2.4 mi
Pop: 25,677
$122,639
Walk: 14.1
55111
3.0 mi
Pop: 100
55423
3.6 mi
Pop: 36,779
$84,102
Walk: 14.4
55420
4.2 mi
Pop: 24,008
$77,539
Walk: 14.1
55407
4.6 mi
Pop: 36,992
$78,206
Walk: 14.5
55406
4.6 mi
Pop: 35,863
$91,865
Walk: 15.4
55419
4.7 mi
Pop: 29,728
$143,254
Walk: 14.4
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