Franchise Costs Near Hamel, MN (55340)
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55340 is an urban area. with a population of 9,776 and household incomes well above the national median ($174,120).
Area Profile
9,776
Population
$174,120
Median Income
+133% vs. national
Urban
Area Type
Median Age: 38.4 —
mixed-age market, broad menu appeal.
College-Educated: 40.1% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 55340.
6
Business Consultants
6.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,431
Median Gross Rent
$610 K
Median Home Value
3
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
- 6
- Bank Branches
- 3
vs. National Average
Median Income
+133% 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