Home › ZIP 60123

Daycare Centers Market: ZIP 60123

Opportunity Score

65 / 100 Good

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

Market Summary

ZIP 60123 is an urban area with moderate foot traffic. 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

13.7/20

Foot Traffic

Walkable

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.

$1,630

2BR Fair Market Rent

$1,226

Median Gross Rent

$240 K

Median Home Value

Bank Branches

$2 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.