Daycare Centers Market: ZIP 62706
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62706 is an urban area with moderate foot traffic.
Area Profile
0
Population
Urban
Area Type
12.0/20
Foot Traffic
Walkable
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,140
2BR Fair Market Rent
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
- Foot Traffic
- Walkable
vs. National Average
Walkability
+1.5 pts vs. national avg
Nearby Markets
62701
0.5 mi
Pop: 1,211
$32,444
62702
2.0 mi
Pop: 31,251
$52,748
Walk: 12.6
62704
2.6 mi
Pop: 39,597
$66,352
Walk: 13.4
62703
2.9 mi
Pop: 28,820
$44,580
Walk: 13.2
62707
4.0 mi
Pop: 8,168
$83,988
Walk: 12.4
62711
5.8 mi
Pop: 18,351
$123,507
Walk: 9.1
62712
6.2 mi
Pop: 10,555
$108,730
Walk: 6.6
62625
7.8 mi
Pop: 897
$152,583
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