Private Schools Market: ZIP 84120
Opportunity Score
65
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 84120 is an urban area with moderate foot traffic. with a population of 50,589 and household incomes above the national median ($90,847). There are 6 private schools operations in ZIP 84120.
Area Profile
50,589
Population
$90,847
Median Income
+22% vs. national
Urban
Area Type
13.9/20
Foot Traffic
Walkable
Median Age: 30.9 —
mixed-age market, broad menu appeal.
College-Educated: 8.7% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 84120.
6
Private Schools
Moderate — proven market
1.2 per 10K residents
12
Child Care Centers
2.4 per 10K residents
What this means:
Private Schools are 33.3% of the relevant market in ZIP 84120 (6 vs. 12 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,710
2BR Fair Market Rent
$1,434
Median Gross Rent
$370 K
Median Home Value
3
Bank Branches
$160 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Private Schools
- 6
- Related Businesses
- 12
- Bank Branches
- 3
vs. National Average
Median Income
+22% vs. $74,580
Walkability
+3.4 pts vs. national avg
Nearby Markets
84128
2.9 mi
Pop: 32,072
$109,286
Walk: 10.5
84119
3.8 mi
Pop: 50,745
$66,616
Walk: 13.7
84118
3.8 mi
Pop: 41,969
$87,457
Walk: 12.6
84104
3.9 mi
Pop: 24,057
$61,326
Walk: 13.7
84129
4.1 mi
Pop: 38,128
$94,051
Walk: 13.6
84084
5.8 mi
Pop: 31,389
$94,214
84123
6.1 mi
Pop: 36,913
$80,079
Walk: 13.4
84081
7.0 mi
Pop: 52,168
$114,577
Walk: 12.8
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