Nursing Care Facilities Market: ZIP 62024
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62024 is an urban area. with a population of 9,465 and household incomes near the national median ($60,775).
Area Profile
9,465
Population
$60,775
Median Income
-19% vs. national
Urban
Area Type
Median Age: 44.4 —
older demographic, may prefer sit-down options.
College-Educated: 15.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,090
2BR Fair Market Rent
$851
Median Gross Rent
$110 K
Median Home Value
1
Bank Branches
$41 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
-19% vs. $74,580
Nearby Markets
62095
1.8 mi
Pop: 10,780
$66,641
Walk: 7.4
62018
2.2 mi
Pop: 3,006
$41,750
Walk: 6.2
62084
3.5 mi
Pop: 1,660
$64,375
62010
3.8 mi
Pop: 11,154
$72,717
Walk: 10.0
62087
4.9 mi
Pop: 2,180
$56,364
62002
5.0 mi
Pop: 30,036
$57,851
Walk: 8.7
62067
8.0 mi
Pop: 1,960
$80,515
Walk: 7.4
62048
8.3 mi
Pop: 1,456
$39,364
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