ElderCareCost
Showing results for ZIP 81645 (CO)
Home ZIP 92371

Nursing Care Facilities Market: ZIP 92371

Opportunity Score
65 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 92371 is an urban area with low foot traffic. with a population of 21,678 and household incomes above the national median ($78,761).

Area Profile

21,678
Population
$78,761
Median Income
+6% vs. national
Urban
Area Type
8.0/20
Foot Traffic
Car-Dependent
Median Age: 34.4 — mixed-age market, broad menu appeal.
College-Educated: 7.7% — value-focused market, keep prices competitive.

Operating Costs

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

$2,030
2BR Fair Market Rent
$1,701
Median Gross Rent
$350 K
Median Home Value
1
Bank Branches
$79 K deposits

Tips for Starting a Elder Care Business in California

  • 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