Daycare Centers Market: ZIP 55923
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55923 is an urban area. with a population of 4,387 and household incomes above the national median ($93,446).
Area Profile
4,387
Population
$93,446
Median Income
+25% vs. national
Urban
Area Type
Median Age: 40.7 —
older demographic, may prefer sit-down options.
College-Educated: 22.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,040
2BR Fair Market Rent
$709
Median Gross Rent
$250 K
Median Home Value
2
Bank Branches
$120 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.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 2
vs. National Average
Median Income
+25% vs. $74,580
Nearby Markets
55935
8.0 mi
Pop: 978
$78,864
55929
9.2 mi
Pop: 1,348
$115,865
55990
9.9 mi
Pop: 895
$78,958
Walk: 6.4
55934
12.1 mi
Pop: 3,542
$87,645
Walk: 6.5
55972
13.5 mi
Pop: 5,323
$97,500
Walk: 6.6
55904
16.7 mi
Pop: 29,682
$76,434
Walk: 7.2
55979
16.8 mi
Pop: 1,138
$83,482
Walk: 7.1
55975
17.2 mi
Pop: 4,597
$83,232
Walk: 7.2
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