Private Schools Market: ZIP 84720
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 84720 is an suburban area with low foot traffic. with a population of 24,323 and household incomes near the national median ($63,742).
Area Profile
24,323
Population
$63,742
Median Income
-15% vs. national
Suburban
Area Type
9.6/20
Foot Traffic
Very Car-Dependent
Median Age: 29.6 —
young market, strong street food demand.
College-Educated: 19.2% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 84720.
9
Child Care Centers
3.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,220
2BR Fair Market Rent
$932
Median Gross Rent
$360 K
Median Home Value
5
Bank Branches
$460 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
- Suburban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 9
- Bank Branches
- 5
vs. National Average
Median Income
-15% vs. $74,580
Walkability
-0.9 pts vs. national avg
Nearby Markets
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