Private Schools Market: ZIP 60402
Opportunity Score
58
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60402 is an urban area with moderate foot traffic. with a population of 63,867 and household incomes near the national median ($73,993). There are 3 private schools operations in ZIP 60402.
Area Profile
63,867
Population
$73,993
Median Income
-1% vs. national
Urban
Area Type
14.4/20
Foot Traffic
Very Car-Dependent
Median Age: 36.5 —
mixed-age market, broad menu appeal.
College-Educated: 16.8% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 60402.
3
Private Schools
Low competition — room to establish
0.5 per 10K residents
31
Child Care Centers
4.9 per 10K residents
What this means:
Private Schools are 8.8% of the relevant market in ZIP 60402 (3 vs. 31 related businesses).
Moderate presence with proven demand and room for new operators.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,600
2BR Fair Market Rent
$1,168
Median Gross Rent
$280 K
Median Home Value
14
Bank Branches
$2.1 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
- Very Car-Dependent
- Private Schools
- 3
- Related Businesses
- 31
- Bank Branches
- 14
vs. National Average
Median Income
-1% vs. $74,580
Walkability
+3.9 pts vs. national avg
Nearby Markets
60804
2.1 mi
Pop: 83,223
$68,548
Walk: 14.6
60546
2.2 mi
Pop: 16,582
$109,933
Walk: 14.0
60534
2.5 mi
Pop: 10,362
$63,827
Walk: 11.6
60304
2.7 mi
Pop: 17,218
$132,841
Walk: 15.6
60130
3.0 mi
Pop: 14,000
$81,323
Walk: 16.2
60141
3.7 mi
Pop: 269
$16,611
60638
3.7 mi
Pop: 58,250
$89,191
Walk: 14.4
60301
3.9 mi
Pop: 3,508
$103,448
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