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Franchise Costs Near Elgin, MN (55932)

Opportunity Score
66 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 55932 is an urban area. with a population of 2,080 and household incomes well above the national median ($102,727).

Area Profile

2,080
Population
$102,727
Median Income
+38% vs. national
Urban
Area Type
Median Age: 38.0 — mixed-age market, broad menu appeal.
College-Educated: 21.8% — value-focused market, keep prices competitive.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$744
Median Gross Rent
$290 K
Median Home Value
1
Bank Branches
$37 K deposits

Compare with Another ZIP

Side-by-side: opportunity score, income, walkability, competition, and rent.

Quick Facts

Area Type
Urban
Bank Branches
1

vs. National Average

Median Income
+38% vs. $74,580

Nearby Markets

55957 7.0 mi
Pop: 769 $80,000
55906 8.4 mi
Pop: 20,080 $104,146
55964 9.7 mi
Pop: 4,453 $72,765
55934 10.5 mi
Pop: 3,542 $87,645
55991 11.2 mi
Pop: 1,474 $86,875
55903 13.0 mi
Pop: 0
55901 14.6 mi
Pop: 58,260 $90,430
55904 15.5 mi
Pop: 29,682 $76,434

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About This Data

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits