Private Schools Market: ZIP 84050
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 84050 is an urban area with low foot traffic. with a population of 12,247 and household incomes well above the national median ($125,949).
Area Profile
12,247
Population
$125,949
Median Income
+69% vs. national
Urban
Area Type
3.3/20
Foot Traffic
Very Car-Dependent
Median Age: 32.7 —
mixed-age market, broad menu appeal.
College-Educated: 22.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,570
2BR Fair Market Rent
$1,493
Median Gross Rent
$610 K
Median Home Value
2
Bank Branches
$120 K 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 $125,949. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 2
vs. National Average
Median Income
+69% vs. $74,580
Walkability
-7.2 pts vs. national avg
Nearby Markets
84033
12.3 mi
Pop: 1,002
$92,212
Walk: 5.8
84014
13.1 mi
Pop: 16,571
$118,045
Walk: 15.7
84024
15.0 mi
Pop: 134
84108
15.5 mi
Pop: 21,951
$120,469
Walk: 14.7
84010
15.7 mi
Pop: 46,666
$102,038
Walk: 10.7
84025
16.6 mi
Pop: 25,055
$120,123
Walk: 11.3
84040
16.8 mi
Pop: 28,269
$123,297
Walk: 8.6
84018
20.2 mi
Pop: 338
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