Private Schools Market: ZIP 55119
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55119 is an urban area with moderate foot traffic. with a population of 44,068 and household incomes above the national median ($77,870). There are 4 private schools operations in ZIP 55119.
Area Profile
44,068
Population
$77,870
Median Income
+4% vs. national
Urban
Area Type
11.7/20
Foot Traffic
Walkable
Median Age: 34.2 —
mixed-age market, broad menu appeal.
College-Educated: 21.1% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 55119.
4
Private Schools
Low competition — room to establish
0.9 per 10K residents
10
Child Care Centers
2.3 per 10K residents
What this means:
Private Schools are 28.6% of the relevant market in ZIP 55119 (4 vs. 10 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,530
2BR Fair Market Rent
$1,351
Median Gross Rent
$260 K
Median Home Value
3
Bank Branches
$820 K deposits
Tips for Starting a Private School Business in Minnesota
- Accreditation takes 2-3 years but determines whether your tuition qualifies for tax credits and whether colleges recognize your diplomas.
- Your first 50 students are the hardest. Most private schools break even around 80-120 students. Plan for 2-3 years of operating losses.
- Facility costs dominate. Leasing a church or community center cuts your startup cost by 60-80% vs. building or buying.
- Teacher salaries run 15-30% below public school equivalents. You'll attract mission-driven educators, but benefits and culture have to compensate.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 4
- Related Businesses
- 10
- Bank Branches
- 3
vs. National Average
Median Income
+4% vs. $74,580
Walkability
+1.2 pts vs. national avg
Nearby Markets
55106
3.1 mi
Pop: 56,969
$68,601
Walk: 13.7
55075
4.3 mi
Pop: 20,651
$84,573
Walk: 13.4
55128
4.4 mi
Pop: 28,945
$89,642
Walk: 10.2
55055
4.5 mi
Pop: 4,460
$63,365
Walk: 7.9
55125
4.9 mi
Pop: 44,929
$118,129
Walk: 10.3
55107
5.1 mi
Pop: 15,533
$78,125
Walk: 15.7
55109
5.5 mi
Pop: 34,266
$81,759
Walk: 14.0
55130
5.7 mi
Pop: 18,634
$53,281
Walk: 14.3
Check Another Market
Or estimate costs with the PrivateSchoolCost calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits