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Daycare Centers Market: ZIP 84043

Opportunity Score

78 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 84043 is an urban area with low foot traffic. with a population of 81,839 and household incomes well above the national median ($125,598). There are 16 daycare centers operations in ZIP 84043.

Area Profile

81,839

Population

$125,598

Median Income

+68% vs. national

Urban

Area Type

9.6/20

Foot Traffic

Very Car-Dependent

Median Age: 26.6 — young market, strong street food demand.

College-Educated: 26.1% — balanced market for quality & value.

Competition

Daycare Centers and related businesses in ZIP 84043.

Daycare Centers

Moderate — proven market

2.0 per 10K residents

Schools

0.7 per 10K residents

What this means: Daycare Centers are 72.7% of the relevant market in ZIP 84043 (16 vs. 6 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,760

2BR Fair Market Rent

$1,802

Median Gross Rent

$570 K

Median Home Value

Bank Branches

$8 M deposits

Tips for Starting a Daycare Business in Utah

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 $125,598. That gives you pricing room most markets don't offer. Don't underprice.