Daycare Centers Market: ZIP 60020
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60020 is an urban area. with a population of 10,846 and household incomes near the national median ($71,028).
Area Profile
10,846
Population
$71,028
Median Income
-5% vs. national
Urban
Area Type
Median Age: 45.3 —
older demographic, may prefer sit-down options.
College-Educated: 20.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,660
2BR Fair Market Rent
$1,228
Median Gross Rent
$220 K
Median Home Value
4
Bank Branches
$390 K deposits
Tips for Starting a Daycare Business in Illinois
- Licensing comes first. State childcare licensing takes 3-6 months in most states. Start that paperwork before you sign a lease.
- Staff-to-child ratios are set by law and they dictate your entire cost structure. Know your state's ratios before building a financial model.
- Location matters more than marketing. Parents pick daycares within 10 minutes of home or work. Proximity to commuter routes beats a nice website.
- Insurance costs $3,000-$10,000/year depending on your state and capacity. Get quotes early. Some carriers won't cover home-based operations.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 4
vs. National Average
Median Income
-5% vs. $74,580
Nearby Markets
60041
2.3 mi
Pop: 8,920
$91,569
Walk: 11.3
60051
4.5 mi
Pop: 23,931
$104,227
Walk: 6.5
60081
5.2 mi
Pop: 9,117
$116,278
Walk: 9.6
60073
5.7 mi
Pop: 62,000
$95,457
Walk: 10.3
60002
7.4 mi
Pop: 24,396
$109,047
Walk: 5.8
60046
7.6 mi
Pop: 34,708
$122,376
Walk: 8.5
60042
8.2 mi
Pop: 8,630
$94,613
53192
8.4 mi
Pop: 131
Walk: 6.2
Check Another Market
Or estimate costs with the DaycareCalc 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