Franchise Costs Near Farmington, MI (48334)
Opportunity Score
63
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48334 is an urban area. with a population of 19,218 and household incomes above the national median ($98,937). There are 3 franchise businesses operations in ZIP 48334.
Area Profile
19,218
Population
$98,937
Median Income
+33% vs. national
Urban
Area Type
Median Age: 42.3 —
older demographic, may prefer sit-down options.
College-Educated: 41.7% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 48334.
3
Franchise Businesses
Low competition — room to establish
1.6 per 10K residents
17
Business Consultants
8.8 per 10K residents
What this means:
Franchise Businesses are 15.0% of the relevant market in ZIP 48334 (3 vs. 17 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,511
Median Gross Rent
$330 K
Median Home Value
12
Bank Branches
$1.9 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Franchise Businesses
- 3
- Related Businesses
- 17
- Bank Branches
- 12
vs. National Average
Median Income
+33% 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