ElderCareCost
Showing results for ZIP 55408 (MN)
Home ZIP 84032

Nursing Care Facilities Market: ZIP 84032

Opportunity Score
76 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 84032 is an suburban area with low foot traffic. with a population of 25,328 and household incomes well above the national median ($101,365).

Area Profile

25,328
Population
$101,365
Median Income
+36% vs. national
Suburban
Area Type
9.9/20
Foot Traffic
Very Car-Dependent
Median Age: 33.0 — mixed-age market, broad menu appeal.
College-Educated: 24.9% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 84032.

5
Home Health Agencies
2.0 per 10K residents

Operating Costs

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

$1,360
2BR Fair Market Rent
$1,830
Median Gross Rent
$650 K
Median Home Value
5
Bank Branches
$490 K deposits

Tips for Starting a Elder Care Business in Utah

  • 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 $101,365. That gives you pricing room most markets don't offer. Don't underprice.

Quick Facts

Area Type
Suburban
Foot Traffic
Very Car-Dependent
Related Businesses
5
Bank Branches
5

vs. National Average

Median Income
+36% vs. $74,580
Walkability
-0.6 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