Franchise Costs Near Newark, NJ (07102)
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07102 is an urban area. with a population of 12,954 and household incomes below the national median ($37,093).
Area Profile
12,954
Population
$37,093
Median Income
-50% vs. national
Urban
Area Type
Median Age: 32.3 —
mixed-age market, broad menu appeal.
College-Educated: 20.7% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 07102.
12
Business Consultants
9.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,141
Median Gross Rent
$290 K
Median Home Value
14
Bank Branches
$3.2 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 12
- Bank Branches
- 14
vs. National Average
Median Income
-50% vs. $74,580
Nearby Markets
Check Another Market
Or estimate costs with the FranchiseBudget calculator.
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits