FranchiseBudget
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Franchise Costs Near Peoria, IL (61602)

Opportunity Score
12 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 61602 is an urban area. with a population of 977 and household incomes below the national median ($17,273).

Area Profile

977
Population
$17,273
Median Income
-77% vs. national
Urban
Area Type
Median Age: 44.1 — older demographic, may prefer sit-down options.
College-Educated: 31.9% — balanced market for quality & value.

Competition

Franchise Businesses and related businesses in ZIP 61602.

6
Business Consultants
61.4 per 10K residents

Operating Costs

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

$912
Median Gross Rent
$220 K
Median Home Value
4
Bank Branches
$1.5 M 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
4

vs. National Average

Median Income
-77% vs. $74,580

Nearby Markets

61625 1.4 mi
Pop: 443
61606 1.5 mi
Pop: 6,979 $41,023
61605 1.9 mi
Pop: 13,538 $24,499
61610 2.6 mi
Pop: 4,572 $49,853
61603 3.0 mi
Pop: 15,430 $40,405
61604 3.7 mi
Pop: 27,502 $50,628
61616 5.2 mi
Pop: 5,834 $62,083
61611 5.4 mi
Pop: 23,698 $76,329

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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