New Car Dealers Market: ZIP 55406
Opportunity Score
81
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55406 is an urban area with high foot traffic. with a population of 35,863 and household incomes above the national median ($91,865).
Area Profile
35,863
Population
$91,865
Median Income
+23% vs. national
Urban
Area Type
15.4/20
Foot Traffic
Very Walkable
Median Age: 39.7 —
mixed-age market, broad menu appeal.
College-Educated: 43.1% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 55406.
5
Gas Stations
1.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,580
2BR Fair Market Rent
$1,276
Median Gross Rent
$340 K
Median Home Value
5
Bank Branches
$730 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
- Very Walkable
- Related Businesses
- 5
- Bank Branches
- 5
vs. National Average
Median Income
+23% vs. $74,580
Walkability
+4.9 pts vs. national avg
Nearby Markets
55407
2.2 mi
Pop: 36,992
$78,206
Walk: 14.5
55417
2.5 mi
Pop: 25,677
$122,639
Walk: 14.1
55114
2.6 mi
Pop: 4,655
$65,236
Walk: 15.1
55414
2.7 mi
Pop: 33,739
$47,004
Walk: 16.8
55455
2.7 mi
Pop: 5,243
Walk: 14.7
55454
2.9 mi
Pop: 8,628
$26,429
55404
3.2 mi
Pop: 28,071
$43,932
Walk: 15.7
55415
3.5 mi
Pop: 6,474
$126,480
Walk: 15.7
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