Home › ZIP 60062

Daycare Centers Market: ZIP 60062

Opportunity Score

75 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 60062 is an urban area with moderate foot traffic. with a population of 41,667 and household incomes well above the national median ($142,759). There are 11 daycare centers operations in ZIP 60062.

Area Profile

41,667

Population

$142,759

Median Income

+91% vs. national

Urban

Area Type

11.1/20

Foot Traffic

Walkable

Median Age: 49.3 — older demographic, may prefer sit-down options.

College-Educated: 52.3% — strong appetite for artisan/specialty food.

Competition

Daycare Centers and related businesses in ZIP 60062.

Daycare Centers

Moderate — proven market

2.6 per 10K residents

Schools

2.2 per 10K residents

What this means: Daycare Centers are 55.0% of the relevant market in ZIP 60062 (11 vs. 9 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,370

2BR Fair Market Rent

$1,921

Median Gross Rent

$630 K

Median Home Value

Bank Branches

$7.3 M 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.
The median income here is $142,759. That gives you pricing room most markets don't offer. Don't underprice.