New Car Dealers Market: ZIP 62298
Opportunity Score
67
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62298 is an urban area with low foot traffic. with a population of 17,907 and household incomes above the national median ($94,073).
Area Profile
17,907
Population
$94,073
Median Income
+26% vs. national
Urban
Area Type
5.8/20
Foot Traffic
Very Car-Dependent
Median Age: 43.6 —
older demographic, may prefer sit-down options.
College-Educated: 25.3% —
balanced market for quality & value.
Competition
New Car Dealers and related businesses in ZIP 62298.
6
Gas Stations
3.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,090
2BR Fair Market Rent
$884
Median Gross Rent
$260 K
Median Home Value
9
Bank Branches
$580 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
- Very Car-Dependent
- Related Businesses
- 6
- Bank Branches
- 9
vs. National Average
Median Income
+26% vs. $74,580
Walkability
-4.7 pts vs. national avg
Nearby Markets
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