ElderCareCost
Showing results for ZIP 37331 (TN)
Home ZIP 39201

Nursing Care Facilities Market: ZIP 39201

Opportunity Score
36 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 39201 is an urban area. with a population of 775 and household incomes above the national median ($77,946).

Area Profile

775
Population
$77,946
Median Income
+5% vs. national
Urban
Area Type
Median Age: 27.9 — young market, strong street food demand.
College-Educated: 68.1% — strong appetite for artisan/specialty food.

Operating Costs

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

$1,500
2BR Fair Market Rent
$1,341
Median Gross Rent
8
Bank Branches
$4.3 M deposits

Tips for Starting a Elder Care Business in Mississippi

  • 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