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Daycare Centers Market: ZIP 84720

Opportunity Score

55 / 100 Fair

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

Market Summary

ZIP 84720 is an suburban area with low foot traffic. with a population of 24,323 and household incomes near the national median ($63,742). There are 9 daycare centers operations in ZIP 84720.

Area Profile

24,323

Population

$63,742

Median Income

-15% vs. national

Suburban

Area Type

9.6/20

Foot Traffic

Very Car-Dependent

Median Age: 29.6 — young market, strong street food demand.

College-Educated: 19.2% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 84720.

Daycare Centers

Moderate — proven market

3.7 per 10K residents

Operating Costs

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

$1,220

2BR Fair Market Rent

$932

Median Gross Rent

$360 K

Median Home Value

Bank Branches

$460 K 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.