Franchise Costs Near Elgin, IL (60123)
Opportunity Score
82
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60123 is an urban area. with a population of 48,821 and household incomes above the national median ($86,762).
Area Profile
48,821
Population
$86,762
Median Income
+16% vs. national
Urban
Area Type
Median Age: 39.7 —
mixed-age market, broad menu appeal.
College-Educated: 16.2% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 60123.
3
Business Consultants
0.6 per 10K residents
5
Small Business Lenders
1.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,226
Median Gross Rent
$240 K
Median Home Value
15
Bank Branches
$2 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 8
- Bank Branches
- 15
vs. National Average
Median Income
+16% vs. $74,580
Nearby Markets
Check Another Market
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Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits