Daycare Centers Market: ZIP 60401
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60401 is an urban area. with a population of 7,581 and household incomes above the national median ($92,279).
Area Profile
7,581
Population
$92,279
Median Income
+24% vs. national
Urban
Area Type
Median Age: 42.6 —
older demographic, may prefer sit-down options.
College-Educated: 13.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,390
2BR Fair Market Rent
$1,078
Median Gross Rent
$240 K
Median Home Value
2
Bank Branches
$200 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
- 2
vs. National Average
Median Income
+24% vs. $74,580
Nearby Markets
60417
5.9 mi
Pop: 15,408
$93,346
Walk: 6.3
60940
7.0 mi
Pop: 3,509
$97,778
Walk: 5.0
60475
8.7 mi
Pop: 10,103
$61,222
Walk: 11.6
60484
9.4 mi
Pop: 6,612
$64,295
Walk: 7.0
46303
9.5 mi
Pop: 16,910
$78,659
60466
10.3 mi
Pop: 21,123
$63,132
Walk: 11.4
46311
11.1 mi
Pop: 23,405
$109,167
Walk: 9.1
60411
11.2 mi
Pop: 52,395
$56,627
Walk: 11.8
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