Nursing Care Facilities Market: ZIP 06373
Opportunity Score
10
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 06373 is an urban area. with a population of 137 and household incomes below the national median ($45,556).
Area Profile
137
Population
$45,556
Median Income
-39% vs. national
Urban
Area Type
Median Age: 33.2 —
mixed-age market, broad menu appeal.
College-Educated: 0.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,890
2BR Fair Market Rent
$240 K
Median Home Value
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
vs. National Average
Median Income
-39% vs. $74,580
Nearby Markets
06377
3.3 mi
Pop: 2,905
$94,120
06354
3.8 mi
Pop: 5,840
$89,861
02827
4.7 mi
Pop: 2,441
$135,139
Walk: 4.3
06332
7.2 mi
Pop: 952
$58,328
06374
7.4 mi
Pop: 7,884
$69,294
Walk: 6.6
06384
7.5 mi
Pop: 2,812
$90,500
Walk: 4.4
06239
8.2 mi
Pop: 11,594
$80,383
Walk: 8.2
06387
8.3 mi
Pop: 184
$120,385
Walk: 6.1
Check Another Market
Or estimate costs with the ElderCareCost calculator.
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