Franchise Costs Near Memphis, TN (38115)
Opportunity Score
58
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38115 is an urban area. with a population of 36,878 and household incomes below the national median ($42,931).
Area Profile
36,878
Population
$42,931
Median Income
-42% vs. national
Urban
Area Type
Median Age: 29.9 —
young market, strong street food demand.
College-Educated: 8.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,129
Median Gross Rent
$130 K
Median Home Value
5
Bank Branches
$470 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 5
vs. National Average
Median Income
-42% 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