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Daycare Centers Market: ZIP 62704

Opportunity Score

56 / 100 Fair

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

Market Summary

ZIP 62704 is an urban area with moderate foot traffic. with a population of 39,597 and household incomes near the national median ($66,352). There are 4 daycare centers operations in ZIP 62704.

Area Profile

39,597

Population

$66,352

Median Income

-11% vs. national

Urban

Area Type

13.4/20

Foot Traffic

Walkable

Median Age: 40.5 — older demographic, may prefer sit-down options.

College-Educated: 30.1% — balanced market for quality & value.

Competition

Daycare Centers and related businesses in ZIP 62704.

Daycare Centers

Low competition — room to establish

1.0 per 10K residents

Operating Costs

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

$1,130

2BR Fair Market Rent

$924

Median Gross Rent

$170 K

Median Home Value

Bank Branches

$3 M 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.