New Car Dealers Market: ZIP 62822
Opportunity Score
38
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62822 is an rural area. with a population of 2,437 and household incomes below the national median ($43,155).
Area Profile
2,437
Population
$43,155
Median Income
-42% vs. national
Rural
Area Type
Median Age: 51.0 —
older demographic, may prefer sit-down options.
College-Educated: 12.6% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 62822.
3
Gas Stations
12.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$870
2BR Fair Market Rent
$641
Median Gross Rent
$71 K
Median Home Value
2
Bank Branches
$110 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.
- Median income sits at $43,155. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Rural
- Related Businesses
- 3
- Bank Branches
- 2
vs. National Average
Median Income
-42% vs. $74,580
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