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Home ZIP 62244

New Car Dealers Market: ZIP 62244

Opportunity Score
62 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62244 is an urban area. with a population of 1,155 and household incomes well above the national median ($115,183).

Area Profile

1,155
Population
$115,183
Median Income
+54% vs. national
Urban
Area Type
Median Age: 41.6 — older demographic, may prefer sit-down options.
College-Educated: 12.5% — value-focused market, keep prices competitive.

Operating Costs

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

$1,150
2BR Fair Market Rent
$1,049
Median Gross Rent
$210 K
Median Home Value

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.
  • The median income here is $115,183. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

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