DaycareCalc
Showing results for ZIP 56644 (MN)
Home ZIP 61816

Daycare Centers Market: ZIP 61816

Opportunity Score
36 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 61816 is an urban area. with a population of 412 and household incomes above the national median ($85,000).

Area Profile

412
Population
$85,000
Median Income
+14% vs. national
Urban
Area Type
Median Age: 42.6 — older demographic, may prefer sit-down options.
College-Educated: 12.4% — value-focused market, keep prices competitive.

Operating Costs

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

$1,060
2BR Fair Market Rent
$961
Median Gross Rent
$140 K
Median Home Value
1
Bank Branches
$7.6 K deposits

Tips for Starting a Daycare Business in Illinois

  • 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.

Data sources

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