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Franchise Costs Near Erie, PA (16506)

Opportunity Score
80 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 16506 is an urban area. with a population of 24,190 and household incomes above the national median ($84,021).

Area Profile

24,190
Population
$84,021
Median Income
+13% vs. national
Urban
Area Type
Median Age: 44.0 — older demographic, may prefer sit-down options.
College-Educated: 28.5% — balanced market for quality & value.

Competition

Franchise Businesses and related businesses in ZIP 16506.

6
Business Consultants
2.5 per 10K residents

Operating Costs

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

$1,176
Median Gross Rent
$220 K
Median Home Value
8
Bank Branches
$840 K deposits

Compare with Another ZIP

Side-by-side: opportunity score, income, walkability, competition, and rent.

Quick Facts

Area Type
Urban
Related Businesses
6
Bank Branches
8

vs. National Average

Median Income
+13% vs. $74,580

Nearby Markets

16505 4.3 mi
Pop: 15,631 $71,370
16502 5.0 mi
Pop: 15,815 $34,649
16508 5.1 mi
Pop: 15,156 $52,361
16415 5.4 mi
Pop: 10,251 $105,604
16426 5.8 mi
Pop: 3,324 $79,554
16501 6.1 mi
Pop: 1,919 $14,579
16550 6.9 mi
Pop: 0
16507 7.2 mi
Pop: 8,653 $34,474

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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