New Car Dealers Market: ZIP 55111
Opportunity Score
4
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55111 is an urban area.
Area Profile
100
Population
Urban
Area Type
Median Age: 64.4 —
older demographic, may prefer sit-down options.
College-Educated: 60.0% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$930
Median Gross Rent
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
Nearby Markets
55150
2.0 mi
Pop: 181
$108,750
Walk: 10.6
55116
2.0 mi
Pop: 26,099
$83,156
Walk: 14.2
55120
2.9 mi
Pop: 5,080
$111,900
Walk: 9.5
55450
3.0 mi
Pop: 0
Walk: 11.9
55417
3.3 mi
Pop: 25,677
$122,639
Walk: 14.1
55105
3.5 mi
Pop: 27,470
$108,200
Walk: 14.9
55121
3.7 mi
Pop: 9,329
$86,929
Walk: 10.3
55425
3.7 mi
Pop: 10,562
$68,517
Walk: 12.0
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