Private Schools Market: ZIP 60164
Opportunity Score
73
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60164 is an urban area with moderate foot traffic. with a population of 21,248 and household incomes above the national median ($76,483).
Area Profile
21,248
Population
$76,483
Median Income
+3% vs. national
Urban
Area Type
13.5/20
Foot Traffic
Walkable
Median Age: 39.9 —
mixed-age market, broad menu appeal.
College-Educated: 9.9% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 60164.
7
Child Care Centers
3.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,390
2BR Fair Market Rent
$1,143
Median Gross Rent
$240 K
Median Home Value
2
Bank Branches
$210 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
- Walkable
- Related Businesses
- 7
- Bank Branches
- 2
vs. National Average
Median Income
+3% vs. $74,580
Walkability
+3.0 pts vs. national avg
Nearby Markets
60165
1.7 mi
Pop: 4,504
$75,165
Walk: 14.2
60131
1.9 mi
Pop: 18,059
$76,404
Walk: 14.4
60163
2.1 mi
Pop: 5,205
$83,176
60104
2.9 mi
Pop: 18,390
$77,270
Walk: 15.3
60160
2.9 mi
Pop: 24,513
$64,740
Walk: 15.0
60126
3.1 mi
Pop: 47,759
$143,333
Walk: 13.3
60162
3.4 mi
Pop: 8,133
$70,772
Walk: 12.9
60176
3.6 mi
Pop: 11,454
$67,473
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