DaycareCalc
Showing results for ZIP 55321 (MN)
Home ZIP 58005

Daycare Centers Market: ZIP 58005

Opportunity Score
60 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 58005 is an urban area. with a population of 779 and household incomes well above the national median ($143,906).

Area Profile

779
Population
$143,906
Median Income
+93% vs. national
Urban
Area Type
Median Age: 38.4 — mixed-age market, broad menu appeal.
College-Educated: 31.6% — balanced market for quality & value.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,050
2BR Fair Market Rent
$370 K
Median Home Value

Tips for Starting a Daycare Business in North Dakota

  • 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 $143,906. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits