Nursing Care Facilities Market: ZIP 14502
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 14502 is an urban area. with a population of 10,515 and household incomes above the national median ($83,224).
Area Profile
10,515
Population
$83,224
Median Income
+12% vs. national
Urban
Area Type
Median Age: 43.5 —
older demographic, may prefer sit-down options.
College-Educated: 29.4% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,220
2BR Fair Market Rent
$999
Median Gross Rent
$220 K
Median Home Value
1
Bank Branches
$91 K 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.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
+12% vs. $74,580
Nearby Markets
14568
4.7 mi
Pop: 6,023
$103,750
Walk: 7.9
14450
5.9 mi
Pop: 43,063
$109,543
Walk: 10.7
14425
7.4 mi
Pop: 13,582
$92,010
14522
8.3 mi
Pop: 9,230
$80,368
Walk: 8.7
14526
8.4 mi
Pop: 19,348
$110,566
Walk: 13.1
14519
9.6 mi
Pop: 12,487
$91,331
14564
10.2 mi
Pop: 16,257
$111,293
Walk: 7.1
14548
10.5 mi
Pop: 3,695
$84,943
Walk: 6.1
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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