Private Schools Market: ZIP 60123
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60123 is an urban area with moderate foot traffic. with a population of 48,821 and household incomes above the national median ($86,762). There are 3 private schools operations in ZIP 60123.
Area Profile
48,821
Population
$86,762
Median Income
+16% vs. national
Urban
Area Type
13.7/20
Foot Traffic
Walkable
Median Age: 39.7 —
mixed-age market, broad menu appeal.
College-Educated: 16.2% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 60123.
3
Private Schools
Low competition — room to establish
0.6 per 10K residents
7
Child Care Centers
1.4 per 10K residents
What this means:
Private Schools are 30.0% of the relevant market in ZIP 60123 (3 vs. 7 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,630
2BR Fair Market Rent
$1,226
Median Gross Rent
$240 K
Median Home Value
15
Bank Branches
$2 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 3
- Related Businesses
- 7
- Bank Branches
- 15
vs. National Average
Median Income
+16% vs. $74,580
Walkability
+3.2 pts vs. national avg
Nearby Markets
60177
3.6 mi
Pop: 24,030
$123,700
Walk: 11.2
60118
4.7 mi
Pop: 15,692
$104,572
Walk: 9.9
60120
4.9 mi
Pop: 50,774
$80,305
Walk: 12.9
60110
5.2 mi
Pop: 39,028
$87,714
Walk: 10.9
60124
6.3 mi
Pop: 24,400
$135,350
Walk: 11.7
60136
6.5 mi
Pop: 8,623
$124,338
Walk: 11.2
60184
7.3 mi
Pop: 2,280
$170,074
Walk: 6.7
60174
7.6 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