ElderCareCost
Showing results for ZIP 55902 (MN)
Home ZIP 64683

Nursing Care Facilities Market: ZIP 64683

Opportunity Score
53 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 64683 is an rural area with low foot traffic. with a population of 7,648 and household incomes near the national median ($55,000).

Area Profile

7,648
Population
$55,000
Median Income
-26% vs. national
Rural
Area Type
6.6/20
Foot Traffic
Car-Dependent
Median Age: 40.5 — older demographic, may prefer sit-down options.
College-Educated: 11.2% — value-focused market, keep prices competitive.

Operating Costs

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

$840
2BR Fair Market Rent
$711
Median Gross Rent
$110 K
Median Home Value
5
Bank Branches
$300 K deposits

Tips for Starting a Elder Care Business in Missouri

  • 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.

Quick Facts

Area Type
Rural
Foot Traffic
Car-Dependent
Bank Branches
5

vs. National Average

Median Income
-26% vs. $74,580
Walkability
-3.9 pts vs. national avg

Check Another Market

Or estimate costs with the ElderCareCost calculator.

Data sources

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