Home › Illinois › ZIP 62702

Daycare Costs Near Springfield, IL (62702)

Opportunity Score

49 / 100 Fair

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

Market Summary

ZIP 62702 is an urban area. with a population of 31,251 and household incomes near the national median ($52,748). There are 6 daycare centers operations in ZIP 62702.

Area Profile

31,251

Population

$52,748

Median Income

-29% vs. national

Urban

Area Type

Median Age: 39.5 — mixed-age market, broad menu appeal.

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

Competition

Daycare Centers and related businesses in ZIP 62702.

Daycare Centers

Moderate — proven market

1.9 per 10K residents

Schools

1.9 per 10K residents

What this means: Daycare Centers are 50.0% of the relevant market in ZIP 62702 (6 vs. 6 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$858

Median Gross Rent

$100 K

Median Home Value

Bank Branches

$570 K deposits

Childcare Assistance in Illinois

Families in ZIP 62702 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 ›