Franchise Costs Near Franklin, NJ (07416)
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07416 is an urban area. with a population of 5,746 and household incomes above the national median ($90,869).
Area Profile
5,746
Population
$90,869
Median Income
+22% vs. national
Urban
Area Type
Median Age: 50.6 —
older demographic, may prefer sit-down options.
College-Educated: 16.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,346
Median Gross Rent
$260 K
Median Home Value
4
Bank Branches
$580 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 4
vs. National Average
Median Income
+22% 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