Private Schools Market: ZIP 84043
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 84043 is an urban area with low foot traffic. with a population of 81,839 and household incomes well above the national median ($125,598). There are 6 private schools operations in ZIP 84043.
Area Profile
81,839
Population
$125,598
Median Income
+68% vs. national
Urban
Area Type
9.6/20
Foot Traffic
Very Car-Dependent
Median Age: 26.6 —
young market, strong street food demand.
College-Educated: 26.1% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 84043.
6
Private Schools
Moderate — proven market
0.7 per 10K residents
16
Child Care Centers
2.0 per 10K residents
What this means:
Private Schools are 27.3% of the relevant market in ZIP 84043 (6 vs. 16 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,760
2BR Fair Market Rent
$1,802
Median Gross Rent
$570 K
Median Home Value
12
Bank Branches
$8 M deposits
Tips for Starting a Private School Business in Utah
- 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 $125,598. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Private Schools
- 6
- Related Businesses
- 16
- Bank Branches
- 12
vs. National Average
Median Income
+68% vs. $74,580
Walkability
-0.9 pts vs. national avg
Nearby Markets
84020
6.0 mi
Pop: 50,159
$130,680
Walk: 8.5
84065
7.4 mi
Pop: 50,284
$122,809
Walk: 13.8
84045
9.0 mi
Pop: 43,369
$123,870
84005
10.6 mi
Pop: 49,116
$105,576
84094
11.1 mi
Pop: 28,277
$102,881
Walk: 13.5
84095
11.2 mi
Pop: 38,240
$123,082
Walk: 11.3
84004
11.4 mi
Pop: 10,272
$156,786
Walk: 9.9
84042
11.4 mi
Pop: 11,570
$104,840
Walk: 6.3
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