Address
City: Chicago
State: Illinois
Postal Code: 60606
Country: United States
Business facts
Estimated annual revenue~$1.6M
Estimated employees~6
Estimate based on moderate signals
Area statistics (60606)
Population3,513
Median household income$133,333
Source: US Census ACS
About
OptiLingo is located in Chicago, Illinois. This business is working in the following industry: Language School.
Market analysis
Earning above its category median in a growing category (Language School).
EstimateCategory trend: 2024, +7.6%
Revenue trend (modeled)
~$1.2M2019
~$1.2M2020
~$1.2M2021
~$1.5M2022
~$1.6M2023
~$1.6M2024
Modeled from official industry statistics+4.8%/yr since 201980% confidence band: ±42%
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Language School in Illinois | 208 | ~$149.2M | ~$717.4K | ~$491.1K | 5.0★ | 3.2× |
Category revenue trend2024: +7.6%2023: +10.1%2022: +15.2%2021: +14.1%Modeled from business-level estimates
Chain pressure37 chains expanding in this category, led by Mathnasium, Top Driver, 160 Driving Academy (+603 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 10,602 | ~$46.5B | ~$4.4M | ~$1.4M | 83,356 | ~$12.6B | 1.1× |
| Education | 160 | ~$689.9M | ~$4.3M | — | 1,756 | — | — |
1 km area (all businesses): median from the 8,147 of 10,602 businesses with estimates
Estimate
Area conditions (60606)
Population3,513 ±704
Median household income$133,333 ±$33,172
Median home value$352,900
Bachelor's degree or higher0.9%
Unemployment rate0.0%
Source: US Census ACS