Private Schools Market: ZIP 60103
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60103 is an urban area with low foot traffic. with a population of 41,825 and household incomes well above the national median ($131,552). There are 4 private schools operations in ZIP 60103.
Area Profile
41,825
Population
$131,552
Median Income
+76% vs. national
Urban
Area Type
8.3/20
Foot Traffic
Car-Dependent
Median Age: 41.2 —
older demographic, may prefer sit-down options.
College-Educated: 33.6% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 60103.
4
Private Schools
Low competition — room to establish
1.0 per 10K residents
6
Child Care Centers
1.4 per 10K residents
What this means:
Private Schools are 40.0% of the relevant market in ZIP 60103 (4 vs. 6 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,340
2BR Fair Market Rent
$1,851
Median Gross Rent
$350 K
Median Home Value
6
Bank Branches
$580 K 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 $131,552. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Private Schools
- 4
- Related Businesses
- 6
- Bank Branches
- 6
vs. National Average
Median Income
+76% vs. $74,580
Walkability
-2.3 pts vs. national avg
Nearby Markets
60107
3.6 mi
Pop: 38,965
$101,017
Walk: 9.0
60184
3.7 mi
Pop: 2,280
$170,074
Walk: 6.7
60133
4.3 mi
Pop: 36,850
$92,263
Walk: 9.4
60120
4.5 mi
Pop: 50,774
$80,305
Walk: 12.9
60185
5.8 mi
Pop: 33,711
$105,063
Walk: 8.0
60192
6.0 mi
Pop: 16,662
$149,992
Walk: 11.0
60188
6.7 mi
Pop: 42,087
$107,560
Walk: 9.5
60174
7.2 mi
Pop: 30,481
$102,408
Walk: 9.1
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