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Daycare Centers Market: ZIP 60624

Opportunity Score

52 / 100 Fair

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

Market Summary

ZIP 60624 is an urban area with moderate foot traffic. with a population of 35,711 and household incomes below the national median ($32,607). There are 8 daycare centers operations in ZIP 60624.

Area Profile

35,711

Population

$32,607

Median Income

-56% vs. national

Urban

Area Type

14.2/20

Foot Traffic

Very Car-Dependent

Median Age: 34.3 — mixed-age market, broad menu appeal.

College-Educated: 8.2% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 60624.

Daycare Centers

Moderate — proven market

2.2 per 10K residents

Schools

1.7 per 10K residents

What this means: Daycare Centers are 57.1% of the relevant market in ZIP 60624 (8 vs. 6 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,510

2BR Fair Market Rent

$1,152

Median Gross Rent

$220 K

Median Home Value

Bank Branches

$32 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.
Median income sits at $32,607. Price sensitivity is real. Build your model around volume or keep overhead minimal.