ElderCareCost
Showing results for ZIP 33954 (FL)
Home ZIP 42220

Nursing Care Facilities Market: ZIP 42220

Opportunity Score
64 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 42220 is an rural area. with a population of 5,795 and household incomes near the national median ($55,907).

Area Profile

5,795
Population
$55,907
Median Income
-25% vs. national
Rural
Area Type
Median Age: 39.4 — mixed-age market, broad menu appeal.
College-Educated: 11.2% — value-focused market, keep prices competitive.

Operating Costs

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

$1,130
2BR Fair Market Rent
$851
Median Gross Rent
$150 K
Median Home Value
4
Bank Branches
$220 K deposits

Tips for Starting a Elder Care Business in Kentucky

  • 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.
  • This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.

Data sources

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