Franchise Costs Near Lafayette, LA (70508)
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 70508 is an urban area. with a population of 39,364 and household incomes above the national median ($88,017). There are 3 franchise businesses operations in ZIP 70508.
Area Profile
39,364
Population
$88,017
Median Income
+18% vs. national
Urban
Area Type
Median Age: 37.5 —
mixed-age market, broad menu appeal.
College-Educated: 33.4% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 70508.
3
Franchise Businesses
Low competition — room to establish
0.8 per 10K residents
19
Business Consultants
4.8 per 10K residents
4
Small Business Lenders
1.0 per 10K residents
What this means:
Franchise Businesses are 11.5% of the relevant market in ZIP 70508 (3 vs. 23 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,244
Median Gross Rent
$300 K
Median Home Value
25
Bank Branches
$2.8 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
- 23
- Bank Branches
- 25
vs. National Average
Median Income
+18% 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