Franchise Costs Near Grand Rapids, MI (49503)
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 49503 is an urban area. with a population of 37,874 and household incomes near the national median ($61,734).
Area Profile
37,874
Population
$61,734
Median Income
-17% vs. national
Urban
Area Type
Median Age: 30.9 —
mixed-age market, broad menu appeal.
College-Educated: 29.8% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 49503.
22
Business Consultants
5.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,207
Median Gross Rent
$220 K
Median Home Value
16
Bank Branches
$5.1 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 22
- Bank Branches
- 16
vs. National Average
Median Income
-17% 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