Franchise Costs Near Welch, MN (55089)
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55089 is an suburban area. with a population of 1,760 and household incomes well above the national median ($105,938).
Area Profile
1,760
Population
$105,938
Median Income
+42% vs. national
Suburban
Area Type
Median Age: 45.0 —
older demographic, may prefer sit-down options.
College-Educated: 20.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,025
Median Gross Rent
$370 K
Median Home Value
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Suburban
vs. National Average
Median Income
+42% 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