Daycare Centers Market: ZIP 62903
Opportunity Score
38
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62903 is an suburban area. with a population of 2,533 and household incomes below the national median ($39,526).
Area Profile
2,533
Population
$39,526
Median Income
-47% vs. national
Suburban
Area Type
Median Age: 25.0 —
young market, strong street food demand.
College-Educated: 22.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$990
2BR Fair Market Rent
$802
Median Gross Rent
$160 K
Median Home Value
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.
- Median income sits at $39,526. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Suburban
vs. National Average
Median Income
-47% vs. $74,580
Nearby Markets
62901
6.5 mi
Pop: 22,920
$32,960
Walk: 8.8
62975
7.0 mi
Pop: 177
$59,464
Walk: 2.8
62966
8.6 mi
Pop: 13,995
$54,242
Walk: 8.1
62920
8.9 mi
Pop: 2,872
$61,875
62905
10.2 mi
Pop: 741
$52,778
62958
10.2 mi
Pop: 2,069
$68,309
Walk: 4.9
62924
11.2 mi
Pop: 3,064
$57,721
Walk: 4.5
62902
11.3 mi
Pop: 4,217
$75,313
Walk: 8.0
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