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Daycare Costs Near Chicago, IL (60620)

Opportunity Score

68 / 100 Good

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

Market Summary

ZIP 60620 is an urban area. with a population of 66,511 and household incomes below the national median ($48,805). There are 39 daycare centers operations in ZIP 60620.

Area Profile

66,511

Population

$48,805

Median Income

-35% vs. national

Urban

Area Type

Median Age: 38.9 — mixed-age market, broad menu appeal.

College-Educated: 13.8% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 60620.

Daycare Centers

Competitive — differentiation needed

5.9 per 10K residents

Schools

0.8 per 10K residents

What this means: Daycare Centers are 88.6% of the relevant market in ZIP 60620 (39 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,093

Median Gross Rent

$190 K

Median Home Value

Bank Branches

$340 K deposits

Childcare Assistance in Illinois

Families in ZIP 60620 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.

Calculate your tax savings ›