Franchise Costs Near Laurel, MD (20724)
Opportunity Score
94
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 20724 is an urban area. with a population of 18,669 and household incomes well above the national median ($109,530).
Area Profile
18,669
Population
$109,530
Median Income
+47% vs. national
Urban
Area Type
Median Age: 35.6 —
mixed-age market, broad menu appeal.
College-Educated: 32.5% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 20724.
4
Business Consultants
2.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,199
Median Gross Rent
$390 K
Median Home Value
2
Bank Branches
$92 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 4
- Bank Branches
- 2
vs. National Average
Median Income
+47% 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