Franchise Costs Near Memphis, TN (38114)
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38114 is an urban area. with a population of 20,440 and household incomes below the national median ($32,080).
Area Profile
20,440
Population
$32,080
Median Income
-57% vs. national
Urban
Area Type
Median Age: 42.3 —
older demographic, may prefer sit-down options.
College-Educated: 10.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$897
Median Gross Rent
$79 K
Median Home Value
2
Bank Branches
$63 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 2
vs. National Average
Median Income
-57% 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