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Home ZIP 62223

New Car Dealers Market: ZIP 62223

Opportunity Score
65 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62223 is an urban area with moderate foot traffic. with a population of 16,269 and household incomes near the national median ($69,620).

Area Profile

16,269
Population
$69,620
Median Income
-7% vs. national
Urban
Area Type
10.5/20
Foot Traffic
Walkable
Median Age: 43.0 — older demographic, may prefer sit-down options.
College-Educated: 24.5% — value-focused market, keep prices competitive.

Competition

New Car Dealers and related businesses in ZIP 62223.

9
Gas Stations
5.5 per 10K residents

Operating Costs

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

$1,170
2BR Fair Market Rent
$1,026
Median Gross Rent
$150 K
Median Home Value
2
Bank Branches
$95 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.

Data sources

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