ElderCareCost
Showing results for ZIP 07731 (NJ)
Home ZIP 14226

Nursing Care Facilities Market: ZIP 14226

Opportunity Score
75 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 14226 is an urban area with moderate foot traffic. with a population of 29,482 and household incomes above the national median ($83,023).

Area Profile

29,482
Population
$83,023
Median Income
+11% vs. national
Urban
Area Type
13.0/20
Foot Traffic
Walkable
Median Age: 36.6 — mixed-age market, broad menu appeal.
College-Educated: 38.7% — balanced market for quality & value.

Operating Costs

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

$1,340
2BR Fair Market Rent
$1,093
Median Gross Rent
$240 K
Median Home Value
10
Bank Branches
$1.4 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.

Data sources

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