FranchiseBudget
Home › Tennessee › ZIP 38119

Franchise Costs Near Memphis, TN (38119)

Opportunity Score
82 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38119 is an urban area. with a population of 22,332 and household incomes above the national median ($86,325).

Area Profile

22,332
Population
$86,325
Median Income
+16% vs. national
Urban
Area Type
Median Age: 41.8 — older demographic, may prefer sit-down options.
College-Educated: 39.9% — balanced market for quality & value.

Competition

Franchise Businesses and related businesses in ZIP 38119.

6
Business Consultants
2.7 per 10K residents

Operating Costs

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

$1,336
Median Gross Rent
$280 K
Median Home Value
19
Bank Branches
$3.2 M 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
19

vs. National Average

Median Income
+16% vs. $74,580

Nearby Markets

38115 2.2 mi
Pop: 36,878 $42,931
38120 3.1 mi
Pop: 13,249 $119,309
38138 3.2 mi
Pop: 25,368 $130,125
38141 4.4 mi
Pop: 23,768 $64,050
38117 4.8 mi
Pop: 26,327 $93,688
38125 5.4 mi
Pop: 42,793 $83,184
38139 6.3 mi
Pop: 16,298 $174,052
38118 6.4 mi
Pop: 39,162 $42,464

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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