EVGasCompare
Showing results for ZIP 56466 (MN)
Home ZIP 62218

New Car Dealers Market: ZIP 62218

Opportunity Score
60 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62218 is an rural area. with a population of 1,997 and household incomes above the national median ($93,636).

Area Profile

1,997
Population
$93,636
Median Income
+26% vs. national
Rural
Area Type
Median Age: 42.9 — older demographic, may prefer sit-down options.
College-Educated: 20.7% — value-focused market, keep prices competitive.

Operating Costs

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

$1,090
2BR Fair Market Rent
$545
Median Gross Rent
$200 K
Median Home Value
1
Bank Branches
$64 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.
  • This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.

Data sources

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