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Daycare Centers Market: ZIP 98908

Opportunity Score

63 / 100 Good

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

Market Summary

ZIP 98908 is an urban area with low foot traffic. with a population of 37,921 and household incomes above the national median ($80,266). There are 14 daycare centers operations in ZIP 98908.

Area Profile

37,921

Population

$80,266

Median Income

+8% vs. national

Urban

Area Type

8.0/20

Foot Traffic

Car-Dependent

Median Age: 39.9 — mixed-age market, broad menu appeal.

College-Educated: 21.8% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 98908.

Daycare Centers

Moderate — proven market

3.7 per 10K residents

Schools

1.3 per 10K residents

What this means: Daycare Centers are 73.7% of the relevant market in ZIP 98908 (14 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,560

2BR Fair Market Rent

$1,302

Median Gross Rent

$360 K

Median Home Value

Bank Branches

$930 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.