New Car Dealers Market: ZIP 60642
Opportunity Score
75
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60642 is an urban area with high foot traffic. with a population of 21,124 and household incomes well above the national median ($141,179). There are 5 new car dealers operations in ZIP 60642.
Area Profile
21,124
Population
$141,179
Median Income
+89% vs. national
Urban
Area Type
16.2/20
Foot Traffic
Very Walkable
Median Age: 32.5 —
mixed-age market, broad menu appeal.
College-Educated: 65.5% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 60642.
5
New Car Dealers
Low competition — room to establish
2.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,640
2BR Fair Market Rent
$2,216
Median Gross Rent
$600 K
Median Home Value
7
Bank Branches
$680 K deposits
Tips for Starting a Ev Vs Gas Business in Illinois
- EV inventory allocation from manufacturers is tied to your state's ZEV mandate status. Dealers in ZEV states get more inventory. Period.
- Charging infrastructure in your area determines EV demand. Check PlugShare for the local charging density before stocking inventory.
- Used EV margins are volatile. Battery degradation concerns suppress resale values unpredictably. Factor in extended warranty costs.
- Service revenue per EV is 30-40% lower than gas vehicles. Fewer parts, fewer oil changes. Your service department model needs adjusting.
- The median income here is $141,179. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- New Car Dealers
- 5
- Bank Branches
- 7
vs. National Average
Median Income
+89% vs. $74,580
Walkability
+5.7 pts vs. national avg
Nearby Markets
60614
1.6 mi
Pop: 70,444
$139,561
Walk: 16.2
60661
1.6 mi
Pop: 11,516
$138,831
Walk: 16.6
60610
1.6 mi
Pop: 45,282
$105,649
Walk: 15.1
60622
1.7 mi
Pop: 53,696
$124,852
Walk: 15.8
60654
1.7 mi
Pop: 24,303
$144,831
Walk: 17.2
60607
1.9 mi
Pop: 30,197
$126,307
Walk: 16.5
60606
2.0 mi
Pop: 3,527
$139,148
60602
2.4 mi
Pop: 1,127
$123,047
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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