Franchise Costs Near Lafayette, LA (70503)
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 70503 is an urban area. with a population of 28,883 and household incomes above the national median ($94,360). There are 3 franchise businesses operations in ZIP 70503.
Area Profile
28,883
Population
$94,360
Median Income
+27% vs. national
Urban
Area Type
Median Age: 37.9 —
mixed-age market, broad menu appeal.
College-Educated: 36.9% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 70503.
3
Franchise Businesses
Low competition — room to establish
1.0 per 10K residents
18
Business Consultants
6.2 per 10K residents
4
Small Business Lenders
1.4 per 10K residents
What this means:
Franchise Businesses are 12.0% of the relevant market in ZIP 70503 (3 vs. 22 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,087
Median Gross Rent
$330 K
Median Home Value
21
Bank Branches
$2.2 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Franchise Businesses
- 3
- Related Businesses
- 22
- Bank Branches
- 21
vs. National Average
Median Income
+27% 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