Nursing Care Facilities Market: ZIP 60104
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60104 is an urban area with high foot traffic. with a population of 18,390 and household incomes above the national median ($77,270).
Area Profile
18,390
Population
$77,270
Median Income
+4% vs. national
Urban
Area Type
15.3/20
Foot Traffic
Very Walkable
Median Age: 38.4 —
mixed-age market, broad menu appeal.
College-Educated: 10.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,490
2BR Fair Market Rent
$1,221
Median Gross Rent
$220 K
Median Home Value
2
Bank Branches
$84 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
- Foot Traffic
- Very Walkable
- Bank Branches
- 2
vs. National Average
Median Income
+4% vs. $74,580
Walkability
+4.8 pts vs. national avg
Nearby Markets
60165
1.5 mi
Pop: 4,504
$75,165
Walk: 14.2
60160
1.8 mi
Pop: 24,513
$64,740
Walk: 15.0
60162
2.0 mi
Pop: 8,133
$70,772
Walk: 12.9
60155
2.2 mi
Pop: 7,906
$59,688
60163
2.3 mi
Pop: 5,205
$83,176
60153
2.3 mi
Pop: 23,173
$66,498
Walk: 14.3
60154
2.5 mi
Pop: 16,524
$103,561
Walk: 14.3
60164
2.9 mi
Pop: 21,248
$76,483
Walk: 13.5
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