ElderCareCost
Showing results for ZIP 84305 (UT)
Home ZIP 48457

Nursing Care Facilities Market: ZIP 48457

Opportunity Score
55 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 48457 is an urban area with low foot traffic. with a population of 8,694 and household incomes near the national median ($64,583).

Area Profile

8,694
Population
$64,583
Median Income
-13% vs. national
Urban
Area Type
4.7/20
Foot Traffic
Very Car-Dependent
Median Age: 41.9 — older demographic, may prefer sit-down options.
College-Educated: 9.6% — value-focused market, keep prices competitive.

Operating Costs

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

$960
2BR Fair Market Rent
$864
Median Gross Rent
$160 K
Median Home Value
1
Bank Branches
$50 K deposits

Tips for Starting a Elder Care Business in Michigan

  • 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