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Daycare Centers Market: ZIP 98294

Opportunity Score

52 / 100 Fair

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

Market Summary

ZIP 98294 is an urban area with low foot traffic. with a population of 7,838 and household incomes above the national median ($87,981). There are 3 daycare centers operations in ZIP 98294.

Area Profile

7,838

Population

$87,981

Median Income

+18% vs. national

Urban

Area Type

6.6/20

Foot Traffic

Car-Dependent

Median Age: 38.2 — mixed-age market, broad menu appeal.

College-Educated: 22.4% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 98294.

Daycare Centers

Low competition — room to establish

3.8 per 10K residents

Operating Costs

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

$2,390

2BR Fair Market Rent

$1,533

Median Gross Rent

$460 K

Median Home Value

Bank Branches

$52 K 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.