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Daycare Centers Market: ZIP 98501

Opportunity Score

69 / 100 Good

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

Market Summary

ZIP 98501 is an urban area with moderate foot traffic. with a population of 46,937 and household incomes above the national median ($95,695). There are 13 daycare centers operations in ZIP 98501.

Area Profile

46,937

Population

$95,695

Median Income

+28% vs. national

Urban

Area Type

10.6/20

Foot Traffic

Walkable

Median Age: 39.5 — mixed-age market, broad menu appeal.

College-Educated: 33.7% — balanced market for quality & value.

Competition

Daycare Centers and related businesses in ZIP 98501.

Daycare Centers

Moderate — proven market

2.8 per 10K residents

Schools

0.9 per 10K residents

What this means: Daycare Centers are 76.5% of the relevant market in ZIP 98501 (13 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,770

2BR Fair Market Rent

$1,600

Median Gross Rent

$490 K

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.