Franchise Costs Near Lake Elmo, MN (55042)
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55042 is an urban area. with a population of 13,156 and household incomes well above the national median ($154,779).
Area Profile
13,156
Population
$154,779
Median Income
+108% vs. national
Urban
Area Type
Median Age: 40.8 —
older demographic, may prefer sit-down options.
College-Educated: 41.8% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 55042.
9
Business Consultants
6.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,204
Median Gross Rent
$590 K
Median Home Value
2
Bank Branches
$310 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 9
- Bank Branches
- 2
vs. National Average
Median Income
+108% 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