ElderCareCost
Showing results for ZIP 40447 (KY)
Home ZIP 84604

Nursing Care Facilities Market: ZIP 84604

Opportunity Score
56 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 84604 is an urban area with moderate foot traffic. with a population of 43,749 and household incomes near the national median ($74,522). There are 3 nursing care facilities operations in ZIP 84604.

Area Profile

43,749
Population
$74,522
Median Income
+0% vs. national
Urban
Area Type
12.8/20
Foot Traffic
Walkable
Median Age: 23.6 — young market, strong street food demand.
College-Educated: 23.6% — value-focused market, keep prices competitive.

Competition

Nursing Care Facilities and related businesses in ZIP 84604.

3
Nursing Care Facilities
Low competition — room to establish
0.7 per 10K residents

Operating Costs

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

$1,300
2BR Fair Market Rent
$1,128
Median Gross Rent
$520 K
Median Home Value
6
Bank Branches
$4.2 M 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.

Data sources

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