Daycare Centers Market: ZIP 61024
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 61024 is an urban area. with a population of 2,264 and household incomes near the national median ($73,152).
Area Profile
2,264
Population
$73,152
Median Income
-2% vs. national
Urban
Area Type
Median Age: 46.5 —
older demographic, may prefer sit-down options.
College-Educated: 13.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$950
2BR Fair Market Rent
$722
Median Gross Rent
$150 K
Median Home Value
1
Bank Branches
$95 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
- 1
vs. National Average
Median Income
-2% vs. $74,580
Nearby Markets
61079
5.8 mi
Pop: 220
$46,176
61019
7.8 mi
Pop: 3,341
$100,066
61063
8.6 mi
Pop: 4,257
$88,063
61072
11.0 mi
Pop: 11,342
$102,604
61088
11.9 mi
Pop: 5,992
$94,286
Walk: 5.0
61070
12.1 mi
Pop: 1,325
$83,542
Walk: 4.1
61101
12.1 mi
Pop: 19,671
$45,260
Walk: 7.4
53520
12.2 mi
Pop: 6,758
$74,589
Walk: 2.3
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