ElderCareCost
Showing results for ZIP 57744 (SD)
Home ZIP 80922

Nursing Care Facilities Market: ZIP 80922

Opportunity Score
94 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 80922 is an urban area. with a population of 30,388 and household incomes well above the national median ($107,457).

Area Profile

30,388
Population
$107,457
Median Income
+44% vs. national
Urban
Area Type
Median Age: 33.3 — mixed-age market, broad menu appeal.
College-Educated: 26.6% — balanced market for quality & value.

Operating Costs

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

$2,230
2BR Fair Market Rent
$1,952
Median Gross Rent
$410 K
Median Home Value
3
Bank Branches
$150 K deposits

Tips for Starting a Elder Care Business in Colorado

  • 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.
  • The median income here is $107,457. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

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