New Car Dealers Market: ZIP 55014
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55014 is an urban area with low foot traffic. with a population of 28,975 and household incomes above the national median ($98,952).
Area Profile
28,975
Population
$98,952
Median Income
+33% vs. national
Urban
Area Type
6.9/20
Foot Traffic
Car-Dependent
Median Age: 42.0 —
older demographic, may prefer sit-down options.
College-Educated: 25.8% —
balanced market for quality & value.
Competition
New Car Dealers and related businesses in ZIP 55014.
12
Gas Stations
4.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,830
2BR Fair Market Rent
$1,553
Median Gross Rent
$320 K
Median Home Value
6
Bank Branches
$480 K deposits
Tips for Starting a Ev Vs Gas Business in Minnesota
- EV inventory allocation from manufacturers is tied to your state's ZEV mandate status. Dealers in ZEV states get more inventory. Period.
- Charging infrastructure in your area determines EV demand. Check PlugShare for the local charging density before stocking inventory.
- Used EV margins are volatile. Battery degradation concerns suppress resale values unpredictably. Factor in extended warranty costs.
- Service revenue per EV is 30-40% lower than gas vehicles. Fewer parts, fewer oil changes. Your service department model needs adjusting.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 12
- Bank Branches
- 6
vs. National Average
Median Income
+33% vs. $74,580
Walkability
-3.6 pts vs. national avg
Nearby Markets
55449
4.2 mi
Pop: 33,367
$128,750
Walk: 7.9
55126
6.0 mi
Pop: 27,484
$109,017
Walk: 8.6
55127
6.8 mi
Pop: 18,607
$113,355
Walk: 8.9
55112
7.7 mi
Pop: 45,680
$93,823
Walk: 13.2
55434
8.7 mi
Pop: 33,133
$88,163
Walk: 11.9
55025
9.7 mi
Pop: 25,759
$95,993
Walk: 9.9
55038
9.8 mi
Pop: 24,246
$127,194
Walk: 7.5
55110
9.9 mi
Pop: 37,272
$97,211
Walk: 9.0
Check Another Market
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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