Private Schools Market: ZIP 60089
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60089 is an urban area with moderate foot traffic. with a population of 42,781 and household incomes well above the national median ($129,932). There are 8 private schools operations in ZIP 60089.
Area Profile
42,781
Population
$129,932
Median Income
+74% vs. national
Urban
Area Type
10.4/20
Foot Traffic
Walkable
Median Age: 42.1 —
older demographic, may prefer sit-down options.
College-Educated: 45.6% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 60089.
8
Private Schools
Moderate — proven market
1.9 per 10K residents
8
Child Care Centers
1.9 per 10K residents
What this means:
Private Schools are 50.0% of the relevant market in ZIP 60089 (8 vs. 8 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,530
2BR Fair Market Rent
$2,042
Median Gross Rent
$390 K
Median Home Value
15
Bank Branches
$2.6 M deposits
Tips for Starting a Private School Business in Illinois
- 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 $129,932. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 8
- Related Businesses
- 8
- Bank Branches
- 15
vs. National Average
Median Income
+74% vs. $74,580
Walkability
-0.1 pts vs. national avg
Nearby Markets
60069
3.4 mi
Pop: 8,728
$157,366
Walk: 8.6
60004
3.9 mi
Pop: 51,884
$124,962
Walk: 9.8
60061
4.5 mi
Pop: 27,883
$121,588
Walk: 9.3
60090
4.6 mi
Pop: 38,340
$83,449
Walk: 12.2
60074
5.0 mi
Pop: 36,296
$81,911
Walk: 8.8
60070
5.0 mi
Pop: 15,549
$91,210
Walk: 11.8
60015
5.9 mi
Pop: 27,720
$186,786
Walk: 12.0
60047
6.1 mi
Pop: 44,100
$173,043
Walk: 8.3
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