Nursing Care Facilities Market: ZIP 60042
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60042 is an urban area. with a population of 8,630 and household incomes above the national median ($94,613).
Area Profile
8,630
Population
$94,613
Median Income
+27% vs. national
Urban
Area Type
Median Age: 40.0 —
older demographic, may prefer sit-down options.
College-Educated: 18.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,240
2BR Fair Market Rent
$1,826
Median Gross Rent
$240 K
Median Home Value
1
Bank Branches
$64 K deposits
Tips for Starting a Elder Care Business in Illinois
- State licensing for assisted living takes 6-12 months and involves facility inspections, staffing plans, and background checks. Start early.
- Staffing is your #1 cost and #1 challenge. CNA turnover runs 50-75% annually in most markets. Budget for constant recruiting.
- Medicare and Medicaid reimbursement rates vary by state. Some states pay well. Others don't cover costs. Know your state's rates before committing.
- Start small. A residential care home (6-8 beds) requires far less capital than a 50-bed facility and lets you prove your model.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
+27% vs. $74,580
Nearby Markets
60084
3.9 mi
Pop: 17,267
$104,907
Walk: 7.2
60013
4.7 mi
Pop: 26,503
$115,833
Walk: 8.1
60051
5.3 mi
Pop: 23,931
$104,227
Walk: 6.5
60021
6.0 mi
Pop: 5,108
$122,005
Walk: 5.8
60041
6.9 mi
Pop: 8,920
$91,569
Walk: 11.3
60050
7.6 mi
Pop: 31,870
$86,315
Walk: 8.8
60012
8.0 mi
Pop: 11,929
$147,352
60020
8.2 mi
Pop: 10,846
$71,028
Check Another Market
Or estimate costs with the ElderCareCost 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