Franchise Costs Near Memphis, TN (38111)
Opportunity Score
62
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38111 is an urban area. with a population of 43,308 and household incomes near the national median ($52,806).
Area Profile
43,308
Population
$52,806
Median Income
-29% vs. national
Urban
Area Type
Median Age: 32.9 —
mixed-age market, broad menu appeal.
College-Educated: 23.9% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 38111.
4
Business Consultants
0.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,077
Median Gross Rent
$170 K
Median Home Value
7
Bank Branches
$460 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
- 7
vs. National Average
Median Income
-29% 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