Franchise Businesses Market: ZIP 62460
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62460 is an rural area. with a population of 1,110 and household incomes near the national median ($57,222).
Area Profile
1,110
Population
$57,222
Median Income
-23% vs. national
Rural
Area Type
Median Age: 45.8 —
older demographic, may prefer sit-down options.
College-Educated: 6.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$870
2BR Fair Market Rent
$804
Median Gross Rent
$110 K
Median Home Value
1
Bank Branches
$8.6 K deposits
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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 1
vs. National Average
Median Income
-23% vs. $74,580
Nearby Markets
62410
4.4 mi
Pop: 1,195
$81,065
62417
7.5 mi
Pop: 2,653
$51,205
47524
11.0 mi
Pop: 486
$49,196
62439
11.5 mi
Pop: 7,097
$52,083
Walk: 8.4
62466
12.3 mi
Pop: 4,184
$75,870
Walk: 4.5
47666
15.4 mi
Pop: 1,411
$63,456
47591
15.7 mi
Pop: 25,191
$57,862
Walk: 9.1
62863
15.8 mi
Pop: 9,438
$52,073
Walk: 6.2
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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