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Daycare Centers Market: ZIP 98103

Opportunity Score

94 / 100 Excellent

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

Market Summary

ZIP 98103 is an urban area with high foot traffic. with a population of 51,988 and household incomes well above the national median ($127,372). There are 28 daycare centers operations in ZIP 98103.

Area Profile

51,988

Population

$127,372

Median Income

+71% vs. national

Urban

Area Type

16.4/20

Foot Traffic

Very Walkable

Median Age: 34.7 — mixed-age market, broad menu appeal.

College-Educated: 61.3% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 98103.

Daycare Centers

Competitive — differentiation needed

5.4 per 10K residents

Schools

1.0 per 10K residents

What this means: Daycare Centers are 84.8% of the relevant market in ZIP 98103 (28 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$3,120

2BR Fair Market Rent

$2,006

Median Gross Rent

$1 M

Median Home Value

Bank Branches

$1.1 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 $127,372. That gives you pricing room most markets don't offer. Don't underprice.