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Daycare Costs Near Elgin, IL (60123)

Opportunity Score

64 / 100 Good

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

Market Summary

ZIP 60123 is an urban area. with a population of 48,821 and household incomes above the national median ($86,762). There are 7 daycare centers operations in ZIP 60123.

Area Profile

48,821

Population

$86,762

Median Income

+16% vs. national

Urban

Area Type

Median Age: 39.7 — mixed-age market, broad menu appeal.

College-Educated: 16.2% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 60123.

Daycare Centers

Moderate — proven market

1.4 per 10K residents

Schools

0.6 per 10K residents

What this means: Daycare Centers are 70.0% of the relevant market in ZIP 60123 (7 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,226

Median Gross Rent

$240 K

Median Home Value

Bank Branches

$2 M deposits

Childcare Assistance in Illinois

Families in ZIP 60123 may qualify for state-funded childcare subsidies through Illinois's CCDF program. Income limits and copays vary by county.

Check Illinois subsidy eligibility ›

Already Getting a Subsidy? See How Much More You Can Save

The federal dependent care credit and Dependent Care FSA stack on top of subsidies. Most families save an additional $600–$2,100/year — in 10 seconds.

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