Nursing Care Facilities Market: ZIP 60501
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60501 is an urban area with moderate foot traffic. with a population of 11,490 and household incomes near the national median ($62,110).
Area Profile
11,490
Population
$62,110
Median Income
-17% vs. national
Urban
Area Type
13.8/20
Foot Traffic
Walkable
Median Age: 38.5 —
mixed-age market, broad menu appeal.
College-Educated: 9.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,310
2BR Fair Market Rent
$1,017
Median Gross Rent
$230 K
Median Home Value
3
Bank Branches
$170 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
- Walkable
- Bank Branches
- 3
vs. National Average
Median Income
-17% vs. $74,580
Walkability
+3.3 pts vs. national avg
Nearby Markets
60458
1.8 mi
Pop: 14,153
$59,443
Walk: 13.0
60534
2.3 mi
Pop: 10,362
$63,827
Walk: 11.6
60455
2.9 mi
Pop: 16,765
$65,342
Walk: 17.5
60525
3.0 mi
Pop: 31,453
$113,718
Walk: 13.9
60638
3.6 mi
Pop: 58,250
$89,191
Walk: 14.4
60513
3.6 mi
Pop: 19,264
$108,527
Walk: 14.3
60457
3.9 mi
Pop: 14,674
$85,360
Walk: 12.8
60546
4.1 mi
Pop: 16,582
$109,933
Walk: 14.0
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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