Franchise Costs Near Springfield, IL (62704)
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62704 is an urban area. with a population of 39,597 and household incomes near the national median ($66,352).
Area Profile
39,597
Population
$66,352
Median Income
-11% vs. national
Urban
Area Type
Median Age: 40.5 —
older demographic, may prefer sit-down options.
College-Educated: 30.1% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 62704.
15
Business Consultants
3.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$924
Median Gross Rent
$170 K
Median Home Value
19
Bank Branches
$3 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 15
- Bank Branches
- 19
vs. National Average
Median Income
-11% 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