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Daycare Centers Market: ZIP 98040

Opportunity Score

77 / 100 Good

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

Market Summary

ZIP 98040 is an urban area with moderate foot traffic. with a population of 25,282 and household incomes well above the national median ($202,359). There are 13 daycare centers operations in ZIP 98040.

Area Profile

25,282

Population

$202,359

Median Income

+171% vs. national

Urban

Area Type

11.4/20

Foot Traffic

Walkable

Median Age: 45.8 — older demographic, may prefer sit-down options.

College-Educated: 56.7% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 98040.

Daycare Centers

Moderate — proven market

5.1 per 10K residents

Schools

2.0 per 10K residents

What this means: Daycare Centers are 72.2% of the relevant market in ZIP 98040 (13 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$3,300

2BR Fair Market Rent

$2,464

Median Gross Rent

$1.9 M

Median Home Value

Bank Branches

$1.5 M deposits

Tips for Starting a Daycare Business in Washington

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 $202,359. That gives you pricing room most markets don't offer. Don't underprice.