Franchise Businesses Market: ZIP 62059
Opportunity Score
14
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62059 is an urban area. with a population of 811 and household incomes below the national median ($37,656).
Area Profile
811
Population
$37,656
Median Income
-50% vs. national
Urban
Area Type
Median Age: 29.1 —
young market, strong street food demand.
College-Educated: 14.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,090
2BR Fair Market Rent
$950
Median Gross Rent
$37 K
Median Home Value
Tips for Starting a Franchise Business in Illinois
- Franchise fees range from $10K to $100K+ depending on the brand. That's before buildout, equipment, or working capital. Read the FDD (Franchise Disclosure Document) line by line.
- Royalties run 4-8% of gross revenue. Every month. Forever. That's gross, not net. Factor this into your break-even math from day one.
- Talk to at least 10 existing franchisees before signing. The FDD lists every current and former franchisee. Call the ones who left. They'll be honest.
- Territory protection matters. Some franchises let other franchisees open 2 miles away. Verify your exclusive territory in writing.
- Median income sits at $37,656. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
-50% vs. $74,580
Nearby Markets
62090
1.1 mi
Pop: 1,015
$38,269
Walk: 6.7
63102
1.6 mi
Pop: 3,004
$60,313
Walk: 18.3
63101
2.0 mi
Pop: 2,953
$92,708
63106
2.5 mi
Pop: 7,742
$21,475
Walk: 16.0
62201
2.6 mi
Pop: 5,017
$21,658
Walk: 6.4
63107
2.8 mi
Pop: 9,082
$40,522
Walk: 15.1
63155
2.8 mi
Pop: 0
Walk: 18.9
62060
2.9 mi
Pop: 3,619
$40,139
Walk: 7.2
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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