Daycare Centers Market: ZIP 55905
Opportunity Score
0
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55905 is an urban area.
Area Profile
0
Population
Urban
Area Type
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,360
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
Nearby Markets
55901
2.5 mi
Pop: 58,260
$90,430
Walk: 7.6
55960
5.9 mi
Pop: 3,453
$122,120
55902
6.0 mi
Pop: 25,988
$111,879
Walk: 8.3
55903
6.5 mi
Pop: 0
55920
7.2 mi
Pop: 8,747
$126,102
Walk: 10.7
55906
8.7 mi
Pop: 20,080
$104,146
Walk: 9.7
55904
11.1 mi
Pop: 29,682
$76,434
Walk: 7.2
55963
13.2 mi
Pop: 5,473
$109,464
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