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Franchise Costs Near Lake Park, MN (56554)

Opportunity Score
68 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 56554 is an urban area. with a population of 2,687 and household incomes above the national median ($91,379).

Area Profile

2,687
Population
$91,379
Median Income
+23% vs. national
Urban
Area Type
Median Age: 48.8 — older demographic, may prefer sit-down options.
College-Educated: 26.5% — balanced market for quality & value.

Operating Costs

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

$795
Median Gross Rent
$310 K
Median Home Value
1
Bank Branches
$36 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
+23% vs. $74,580

Nearby Markets

56511 7.5 mi
Pop: 1,942 $87,375
56552 10.7 mi
Pop: 560 $51,964
56549 13.8 mi
Pop: 4,656 $100,326
56585 16.6 mi
Pop: 1,067 $65,972
56521 16.7 mi
Pop: 718 $71,741
56591 23.2 mi
Pop: 474 $17,045

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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