Daycare Centers Market: ZIP 55941
Opportunity Score
38
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55941 is an urban area. with a population of 1,084 and household incomes near the national median ($71,607).
Area Profile
1,084
Population
$71,607
Median Income
-4% vs. national
Urban
Area Type
Median Age: 35.9 —
mixed-age market, broad menu appeal.
College-Educated: 11.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,050
2BR Fair Market Rent
$913
Median Gross Rent
$210 K
Median Home Value
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
vs. National Average
Median Income
-4% vs. $74,580
Nearby Markets
55947
6.9 mi
Pop: 7,319
$85,464
Walk: 7.8
55919
8.0 mi
Pop: 1,008
$70,962
55921
11.3 mi
Pop: 4,793
$76,679
Walk: 8.4
54603
11.4 mi
Pop: 14,181
$49,693
Walk: 15.0
54658
11.6 mi
Pop: 2,458
$72,734
Walk: 5.5
55925
15.0 mi
Pop: 1,240
$91,389
55931
15.1 mi
Pop: 414
$76,875
54601
15.4 mi
Pop: 50,474
$60,078
Walk: 14.2
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