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Veterinary Practices Market: ZIP 60016

Opportunity Score

62 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 60016 is an urban area with moderate foot traffic. with a population of 60,520 and household incomes above the national median ($84,044). There are 5 veterinary practices operations in ZIP 60016.

Area Profile

60,520

Population

$84,044

Median Income

+13% vs. national

Urban

Area Type

13.5/20

Foot Traffic

Walkable

Median Age: 42.1 — older demographic, may prefer sit-down options.

College-Educated: 30.8% — balanced market for quality & value.

Competition

Veterinary Practices and related businesses in ZIP 60016.

Veterinary Practices

Low competition — room to establish

0.8 per 10K residents

Pet Care Services

0.7 per 10K residents

What this means: Veterinary Practices are 55.6% of the relevant market in ZIP 60016 (5 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,840

2BR Fair Market Rent

$1,406

Median Gross Rent

$300 K

Median Home Value

Bank Branches

$2.3 M deposits

Tips for Starting a Veterinary Business in Illinois

A veterinary practice costs $500K-$1.5M to start from scratch. Most new vets buy into existing practices or start mobile to reduce overhead.
DEA registration, state veterinary license, and controlled substance permits all take time. Start applications 6 months before your target opening.
Pet ownership rates vary by ZIP. Suburban areas with single-family homes consistently outperform dense urban cores for vet visit volume.
Emergency and after-hours services command 2-3x standard pricing. Even offering limited emergency hours gives you a revenue edge in most markets.