Private Schools Market: ZIP 60642
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60642 is an urban area with high foot traffic. with a population of 21,124 and household incomes well above the national median ($141,179). There are 6 private schools operations in ZIP 60642.
Area Profile
21,124
Population
$141,179
Median Income
+89% vs. national
Urban
Area Type
16.2/20
Foot Traffic
Very Walkable
Median Age: 32.5 —
mixed-age market, broad menu appeal.
College-Educated: 65.5% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 60642.
6
Private Schools
Moderate — proven market
2.8 per 10K residents
9
Child Care Centers
4.3 per 10K residents
What this means:
Private Schools are 40.0% of the relevant market in ZIP 60642 (6 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,640
2BR Fair Market Rent
$2,216
Median Gross Rent
$600 K
Median Home Value
7
Bank Branches
$680 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.
- The median income here is $141,179. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Private Schools
- 6
- Related Businesses
- 9
- Bank Branches
- 7
vs. National Average
Median Income
+89% vs. $74,580
Walkability
+5.7 pts vs. national avg
Nearby Markets
60614
1.6 mi
Pop: 70,444
$139,561
Walk: 16.2
60661
1.6 mi
Pop: 11,516
$138,831
Walk: 16.6
60610
1.6 mi
Pop: 45,282
$105,649
Walk: 15.1
60622
1.7 mi
Pop: 53,696
$124,852
Walk: 15.8
60654
1.7 mi
Pop: 24,303
$144,831
Walk: 17.2
60607
1.9 mi
Pop: 30,197
$126,307
Walk: 16.5
60606
2.0 mi
Pop: 3,527
$139,148
60602
2.4 mi
Pop: 1,127
$123,047
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