New Car Dealers Market: ZIP 55309
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55309 is an urban area. with a population of 21,406 and household incomes well above the national median ($118,387).
Area Profile
21,406
Population
$118,387
Median Income
+59% vs. national
Urban
Area Type
Median Age: 36.3 —
mixed-age market, broad menu appeal.
College-Educated: 19.6% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 55309.
6
Gas Stations
2.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,710
2BR Fair Market Rent
$1,463
Median Gross Rent
$340 K
Median Home Value
3
Bank Branches
$130 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.
- The median income here is $118,387. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 6
- Bank Branches
- 3
vs. National Average
Median Income
+59% vs. $74,580
Nearby Markets
55308
7.5 mi
Pop: 9,788
$103,815
55362
9.6 mi
Pop: 20,125
$92,870
Walk: 7.7
55301
10.5 mi
Pop: 13,485
$131,157
55398
11.3 mi
Pop: 17,768
$105,063
Walk: 3.7
55330
11.9 mi
Pop: 45,080
$111,481
Walk: 6.2
55376
12.1 mi
Pop: 19,317
$130,917
Walk: 3.2
55313
16.3 mi
Pop: 24,862
$93,471
Walk: 9.9
55319
16.4 mi
Pop: 5,490
$111,343
Check Another Market
Or estimate costs with the EVGasCompare calculator.
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