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Daycare Centers Market: ZIP 62702

Opportunity Score

53 / 100 Fair

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

Market Summary

ZIP 62702 is an urban area with moderate foot traffic. 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

12.6/20

Foot Traffic

Walkable

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.

$1,090

2BR Fair Market Rent

$858

Median Gross Rent

$100 K

Median Home Value

Bank Branches

$570 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.