Nursing Care Facilities Market: ZIP 06103
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 06103 is an urban area. with a population of 2,845 and household incomes above the national median ($79,476).
Area Profile
2,845
Population
$79,476
Median Income
+7% vs. national
Urban
Area Type
Median Age: 31.5 —
mixed-age market, broad menu appeal.
College-Educated: 57.1% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,230
2BR Fair Market Rent
$1,677
Median Gross Rent
$320 K
Median Home Value
8
Bank Branches
$18 M deposits
Tips for Starting a Elder Care Business in Connecticut
- State licensing for assisted living takes 6-12 months and involves facility inspections, staffing plans, and background checks. Start early.
- Staffing is your #1 cost and #1 challenge. CNA turnover runs 50-75% annually in most markets. Budget for constant recruiting.
- Medicare and Medicaid reimbursement rates vary by state. Some states pay well. Others don't cover costs. Know your state's rates before committing.
- Start small. A residential care home (6-8 beds) requires far less capital than a 50-bed facility and lets you prove your model.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 8
vs. National Average
Median Income
+7% vs. $74,580
Nearby Markets
06120
1.6 mi
Pop: 13,832
$33,521
Walk: 14.1
06114
1.7 mi
Pop: 25,283
$47,905
Walk: 14.0
06106
2.1 mi
Pop: 37,809
$47,542
Walk: 14.2
06105
2.4 mi
Pop: 18,660
$41,235
Walk: 12.8
06112
2.6 mi
Pop: 21,918
$47,010
Walk: 12.3
06108
3.4 mi
Pop: 24,027
$55,766
Walk: 13.0
06119
3.9 mi
Pop: 15,011
$105,522
Walk: 13.6
06109
4.3 mi
Pop: 27,180
$118,523
Walk: 11.8
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits