Solar Installers Market: ZIP 60516
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60516 is an urban area with moderate foot traffic. with a population of 28,594 and household incomes well above the national median ($118,780). There are 3 solar installers operations in ZIP 60516.
Area Profile
28,594
Population
$118,780
Median Income
+59% vs. national
Urban
Area Type
12.1/20
Foot Traffic
Walkable
Median Age: 42.0 —
older demographic, may prefer sit-down options.
College-Educated: 38.8% —
balanced market for quality & value.
Competition
Solar Installers and related businesses in ZIP 60516.
3
Solar Installers
Low competition — room to establish
1.0 per 10K residents
4
Roofing Contractors
1.4 per 10K residents
What this means:
Solar Installers are 42.9% of the relevant market in ZIP 60516 (3 vs. 4 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,070
2BR Fair Market Rent
$1,636
Median Gross Rent
$420 K
Median Home Value
4
Bank Branches
$440 K deposits
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Solar Installers
- 3
- Related Businesses
- 4
- Bank Branches
- 4
vs. National Average
Median Income
+59% vs. $74,580
Walkability
+1.6 pts vs. national avg
Nearby Markets
60517
2.5 mi
Pop: 33,173
$96,357
Walk: 11.6
60561
2.5 mi
Pop: 22,975
$109,974
Walk: 9.0
60515
3.5 mi
Pop: 29,045
$121,358
Walk: 13.6
60559
3.6 mi
Pop: 24,404
$87,474
Walk: 11.9
60514
4.3 mi
Pop: 9,760
$114,672
Walk: 12.3
60532
5.2 mi
Pop: 28,635
$100,373
Walk: 10.2
60527
5.9 mi
Pop: 29,024
$110,482
Walk: 8.3
60440
6.0 mi
Pop: 52,074
$95,120
Walk: 10.7
Check Another Market
Or estimate costs with the SolarBreakeven 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