Franchise Costs Near Memphis, TN (38120)
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38120 is an urban area. with a population of 13,249 and household incomes well above the national median ($119,309).
Area Profile
13,249
Population
$119,309
Median Income
+60% vs. national
Urban
Area Type
Median Age: 45.0 —
older demographic, may prefer sit-down options.
College-Educated: 53.9% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 38120.
12
Business Consultants
9.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,552
Median Gross Rent
$420 K
Median Home Value
7
Bank Branches
$2.9 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 12
- Bank Branches
- 7
vs. National Average
Median Income
+60% 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