Nursing Care Facilities Market: ZIP 60614
Opportunity Score
77
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60614 is an urban area with high foot traffic. with a population of 70,444 and household incomes well above the national median ($139,561). There are 7 nursing care facilities operations in ZIP 60614.
Area Profile
70,444
Population
$139,561
Median Income
+87% vs. national
Urban
Area Type
16.2/20
Foot Traffic
Very Walkable
Median Age: 31.3 —
mixed-age market, broad menu appeal.
College-Educated: 61.5% —
strong appetite for artisan/specialty food.
Competition
Nursing Care Facilities and related businesses in ZIP 60614.
7
Nursing Care Facilities
Moderate — proven market
1.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,640
2BR Fair Market Rent
$2,019
Median Gross Rent
$730 K
Median Home Value
22
Bank Branches
$3.4 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.
- The median income here is $139,561. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Nursing Care Facilities
- 7
- Bank Branches
- 22
vs. National Average
Median Income
+87% vs. $74,580
Walkability
+5.7 pts vs. national avg
Nearby Markets
60657
1.2 mi
Pop: 71,268
$109,025
Walk: 14.5
60610
1.5 mi
Pop: 45,282
$105,649
Walk: 15.1
60642
1.6 mi
Pop: 21,124
$141,179
Walk: 16.2
60654
2.2 mi
Pop: 24,303
$144,831
Walk: 17.2
60613
2.3 mi
Pop: 51,334
$91,351
Walk: 15.3
60661
2.8 mi
Pop: 11,516
$138,831
Walk: 16.6
60606
2.9 mi
Pop: 3,527
$139,148
60611
2.9 mi
Pop: 36,036
$124,621
Walk: 14.9
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