Nursing Care Facilities Market: ZIP 60201
Opportunity Score
69
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60201 is an urban area with high foot traffic. with a population of 43,555 and household incomes above the national median ($92,101). There are 7 nursing care facilities operations in ZIP 60201.
Area Profile
43,555
Population
$92,101
Median Income
+23% vs. national
Urban
Area Type
15.8/20
Foot Traffic
Very Walkable
Median Age: 34.3 —
mixed-age market, broad menu appeal.
College-Educated: 45.3% —
strong appetite for artisan/specialty food.
Competition
Nursing Care Facilities and related businesses in ZIP 60201.
7
Nursing Care Facilities
Moderate — proven market
1.6 per 10K residents
3
Home Health Agencies
0.7 per 10K residents
What this means:
Nursing Care Facilities are 70.0% of the relevant market in ZIP 60201 (7 vs. 3 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,370
2BR Fair Market Rent
$1,792
Median Gross Rent
$580 K
Median Home Value
11
Bank Branches
$2.8 M 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
- Nursing Care Facilities
- 7
- Related Businesses
- 3
- Bank Branches
- 11
vs. National Average
Median Income
+23% vs. $74,580
Walkability
+5.3 pts vs. national avg
Nearby Markets
60208
1.5 mi
Pop: 179
Walk: 15.7
60203
1.8 mi
Pop: 4,733
$162,208
Walk: 15.3
60202
1.8 mi
Pop: 32,818
$101,087
Walk: 14.8
60091
2.5 mi
Pop: 27,369
$190,250
Walk: 15.0
60043
2.8 mi
Pop: 2,543
$250,001
Walk: 13.3
60076
2.9 mi
Pop: 32,973
$103,870
Walk: 18.6
60645
3.2 mi
Pop: 46,856
$77,126
Walk: 14.5
60626
3.6 mi
Pop: 50,027
$57,452
Walk: 14.3
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