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Home ZIP 62998

New Car Dealers Market: ZIP 62998

Opportunity Score
23 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62998 is an suburban area with low foot traffic. with a population of 189 and household incomes near the national median ($73,594).

Area Profile

189
Population
$73,594
Median Income
-1% vs. national
Suburban
Area Type
3.4/20
Foot Traffic
Very Car-Dependent
Median Age: 56.7 — older demographic, may prefer sit-down options.
College-Educated: 40.2% — strong appetite for artisan/specialty food.

Operating Costs

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

$930
2BR Fair Market Rent

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