Franchise Costs Near Hugo, MN (55038)
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55038 is an urban area. with a population of 24,246 and household incomes well above the national median ($127,194).
Area Profile
24,246
Population
$127,194
Median Income
+71% vs. national
Urban
Area Type
Median Age: 38.9 —
mixed-age market, broad menu appeal.
College-Educated: 33.1% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 55038.
16
Business Consultants
6.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,844
Median Gross Rent
$410 K
Median Home Value
3
Bank Branches
$180 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 16
- Bank Branches
- 3
vs. National Average
Median Income
+71% 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