Private Schools Market: ZIP 60626
Opportunity Score
55
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60626 is an urban area with moderate foot traffic. with a population of 50,027 and household incomes near the national median ($57,452). There are 4 private schools operations in ZIP 60626.
Area Profile
50,027
Population
$57,452
Median Income
-23% vs. national
Urban
Area Type
14.3/20
Foot Traffic
Very Car-Dependent
Median Age: 35.9 —
mixed-age market, broad menu appeal.
College-Educated: 38.0% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 60626.
4
Private Schools
Low competition — room to establish
0.8 per 10K residents
9
Child Care Centers
1.8 per 10K residents
What this means:
Private Schools are 30.8% of the relevant market in ZIP 60626 (4 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,950
2BR Fair Market Rent
$1,265
Median Gross Rent
$270 K
Median Home Value
6
Bank Branches
$480 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
- 4
- Related Businesses
- 9
- Bank Branches
- 6
vs. National Average
Median Income
-23% vs. $74,580
Walkability
+3.8 pts vs. national avg
Nearby Markets
60660
1.3 mi
Pop: 42,750
$66,206
Walk: 14.0
60202
1.9 mi
Pop: 32,818
$101,087
Walk: 14.8
60645
1.9 mi
Pop: 46,856
$77,126
Walk: 14.5
60640
2.5 mi
Pop: 66,884
$71,030
Walk: 14.6
60659
3.0 mi
Pop: 42,008
$70,033
Walk: 14.7
60208
3.1 mi
Pop: 179
Walk: 15.7
60625
3.3 mi
Pop: 78,467
$85,299
Walk: 15.1
60201
3.6 mi
Pop: 43,555
$92,101
Walk: 15.8
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