ElderCareCost
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Home ZIP 10021

Nursing Care Facilities Market: ZIP 10021

Opportunity Score
88 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 10021 is an urban area with moderate foot traffic. with a population of 39,479 and household incomes well above the national median ($156,712).

Area Profile

39,479
Population
$156,712
Median Income
+110% vs. national
Urban
Area Type
12.5/20
Foot Traffic
Walkable
Median Age: 41.8 — older demographic, may prefer sit-down options.
College-Educated: 64.5% — strong appetite for artisan/specialty food.

Competition

Nursing Care Facilities and related businesses in ZIP 10021.

3
Home Health Agencies
0.8 per 10K residents

Operating Costs

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

$3,870
2BR Fair Market Rent
$3,002
Median Gross Rent
$1.5 M
Median Home Value
13
Bank Branches
$4.8 M deposits

Tips for Starting a Elder Care Business in New York

  • 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.
  • The median income here is $156,712. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits