Franchise Costs Near Elgin, IL (60124)
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60124 is an urban area. with a population of 24,400 and household incomes well above the national median ($135,350).
Area Profile
24,400
Population
$135,350
Median Income
+81% vs. national
Urban
Area Type
Median Age: 42.5 —
older demographic, may prefer sit-down options.
College-Educated: 35.0% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 60124.
7
Business Consultants
2.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,956
Median Gross Rent
$400 K
Median Home Value
1
Bank Branches
$92 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 7
- Bank Branches
- 1
vs. National Average
Median Income
+81% 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