New Car Dealers Market: ZIP 55311
Opportunity Score
81
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55311 is an urban area with low foot traffic. with a population of 37,873 and household incomes well above the national median ($148,122).
Area Profile
37,873
Population
$148,122
Median Income
+99% vs. national
Urban
Area Type
8.7/20
Foot Traffic
Car-Dependent
Median Age: 41.1 —
older demographic, may prefer sit-down options.
College-Educated: 39.5% —
balanced market for quality & value.
Competition
New Car Dealers and related businesses in ZIP 55311.
3
Gas Stations
0.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,260
2BR Fair Market Rent
$1,894
Median Gross Rent
$470 K
Median Home Value
2
Bank Branches
$160 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 $148,122. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 3
- Bank Branches
- 2
vs. National Average
Median Income
+99% vs. $74,580
Walkability
-1.8 pts vs. national avg
Nearby Markets
55369
3.6 mi
Pop: 38,711
$112,541
Walk: 7.8
55446
4.7 mi
Pop: 27,627
$169,412
55340
5.5 mi
Pop: 9,776
$174,120
55442
6.1 mi
Pop: 13,197
$121,714
Walk: 10.8
55327
7.0 mi
Pop: 5,542
$133,721
55374
7.2 mi
Pop: 15,812
$152,239
Walk: 5.1
55447
7.3 mi
Pop: 21,001
$128,781
Walk: 11.1
55445
8.2 mi
Pop: 13,538
$103,227
Walk: 12.3
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