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Home ZIP 62040

New Car Dealers Market: ZIP 62040

Opportunity Score
56 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62040 is an urban area with low foot traffic. with a population of 40,365 and household incomes near the national median ($60,558).

Area Profile

40,365
Population
$60,558
Median Income
-19% vs. national
Urban
Area Type
7.2/20
Foot Traffic
Car-Dependent
Median Age: 39.6 — mixed-age market, broad menu appeal.
College-Educated: 11.3% — value-focused market, keep prices competitive.

Competition

New Car Dealers and related businesses in ZIP 62040.

15
Gas Stations
3.7 per 10K residents
4
Used Car Dealers
1.0 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,090
2BR Fair Market Rent
$852
Median Gross Rent
$110 K
Median Home Value
6
Bank Branches
$440 K deposits

Tips for Starting a Ev Vs Gas Business in Illinois

  • 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
19
Bank Branches
6

vs. National Average

Median Income
-19% vs. $74,580
Walkability
-3.3 pts vs. national avg

Check Another Market

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Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits