Private Schools Market: ZIP 08019
Opportunity Score
62
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08019 is an urban area. with a population of 914 and household incomes well above the national median ($168,036).
Area Profile
914
Population
$168,036
Median Income
+125% vs. national
Urban
Area Type
Median Age: 48.6 —
older demographic, may prefer sit-down options.
College-Educated: 22.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,700
2BR Fair Market Rent
$2,063
Median Gross Rent
$360 K
Median Home Value
Tips for Starting a Private School Business in New Jersey
- Accreditation takes 2-3 years but determines whether your tuition qualifies for tax credits and whether colleges recognize your diplomas.
- Your first 50 students are the hardest. Most private schools break even around 80-120 students. Plan for 2-3 years of operating losses.
- Facility costs dominate. Leasing a church or community center cuts your startup cost by 60-80% vs. building or buying.
- Teacher salaries run 15-30% below public school equivalents. You'll attract mission-driven educators, but benefits and culture have to compensate.
- The median income here is $168,036. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+125% vs. $74,580
Nearby Markets
08015
11.5 mi
Pop: 19,143
$78,926
Walk: 6.0
08224
12.3 mi
Pop: 158
$99,583
08088
12.4 mi
Pop: 24,153
$107,980
Walk: 6.5
08215
12.6 mi
Pop: 13,921
$84,630
Walk: 11.4
08064
13.3 mi
Pop: 44
Walk: 5.7
08087
15.1 mi
Pop: 25,211
$87,449
Walk: 6.8
08005
15.4 mi
Pop: 25,936
$92,548
Walk: 7.4
08068
16.4 mi
Pop: 6,811
$79,570
Walk: 7.5
Check Another Market
Or estimate costs with the PrivateSchoolCost 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