ElderCareCost
Showing results for ZIP 66710 (KS)
Home ZIP 55425

Nursing Care Facilities Market: ZIP 55425

Opportunity Score
68 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 55425 is an urban area with moderate foot traffic. with a population of 10,562 and household incomes near the national median ($68,517).

Area Profile

10,562
Population
$68,517
Median Income
-8% vs. national
Urban
Area Type
12.0/20
Foot Traffic
Walkable
Median Age: 33.1 — mixed-age market, broad menu appeal.
College-Educated: 22.0% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 55425.

10
Home Health Agencies
9.5 per 10K residents

Operating Costs

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

$1,720
2BR Fair Market Rent
$1,537
Median Gross Rent
$310 K
Median Home Value
1
Bank Branches
$120 K deposits

Tips for Starting a Elder Care Business in Minnesota

  • 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