Home › Illinois › ZIP 60623

Daycare Costs Near Chicago, IL (60623)

Opportunity Score

60 / 100 Good

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

Market Summary

ZIP 60623 is an urban area. with a population of 77,061 and household incomes below the national median ($44,040). There are 16 daycare centers operations in ZIP 60623.

Area Profile

77,061

Population

$44,040

Median Income

-41% vs. national

Urban

Area Type

Median Age: 35.2 — mixed-age market, broad menu appeal.

College-Educated: 8.9% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 60623.

Daycare Centers

Moderate — proven market

2.1 per 10K residents

Schools

0.9 per 10K residents

What this means: Daycare Centers are 69.6% of the relevant market in ZIP 60623 (16 vs. 7 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,054

Median Gross Rent

$220 K

Median Home Value

Bank Branches

$710 K deposits

Childcare Assistance in Illinois

Families in ZIP 60623 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 ›