Private Schools Market: ZIP 60160
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60160 is an urban area with moderate foot traffic. with a population of 24,513 and household incomes near the national median ($64,740). There are 3 private schools operations in ZIP 60160.
Area Profile
24,513
Population
$64,740
Median Income
-13% vs. national
Urban
Area Type
15.0/20
Foot Traffic
Very Car-Dependent
Median Age: 35.0 —
mixed-age market, broad menu appeal.
College-Educated: 9.4% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 60160.
3
Private Schools
Low competition — room to establish
1.2 per 10K residents
6
Child Care Centers
2.4 per 10K residents
What this means:
Private Schools are 33.3% of the relevant market in ZIP 60160 (3 vs. 6 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,520
2BR Fair Market Rent
$1,194
Median Gross Rent
$270 K
Median Home Value
8
Bank Branches
$880 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Private Schools
- 3
- Related Businesses
- 6
- Bank Branches
- 8
vs. National Average
Median Income
-13% vs. $74,580
Walkability
+4.5 pts vs. national avg
Nearby Markets
60165
1.3 mi
Pop: 4,504
$75,165
Walk: 14.2
60104
1.8 mi
Pop: 18,390
$77,270
Walk: 15.3
60153
2.0 mi
Pop: 23,173
$66,498
Walk: 14.3
60171
2.2 mi
Pop: 10,482
$74,793
Walk: 15.4
60131
2.8 mi
Pop: 18,059
$76,404
Walk: 14.4
60164
2.9 mi
Pop: 21,248
$76,483
Walk: 13.5
60305
3.0 mi
Pop: 11,489
$148,711
Walk: 14.4
60155
3.2 mi
Pop: 7,906
$59,688
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