ZIP 07016 — Business Opportunities

Top business opportunities in 07016

The highest-scored business categories to consider opening in Cranford, NJ, based on demand (population, income, demographic fit) versus existing supply.

1. 1. Furniture & Home Decor 100/100
   ~2.4 businesses underserved · confidence: high
2. 2. Electronics 96/100
   ~2.4 businesses underserved · confidence: high
3. 3. Electronics Repair 96/100
   ~2.3 businesses underserved · confidence: high
4. 4. Dancing School 81/100
   ~2.2 businesses underserved · confidence: high
5. 5. Music School 81/100
   ~2.2 businesses underserved · confidence: high
6. 6. Toys & Games 79/100
   ~1.3 businesses underserved · confidence: low
7. 7. Grocery & Supermarkets 72/100
   ~3.0 businesses underserved · confidence: high
8. 8. Fitness Station 71/100
   ~1.2 businesses underserved · confidence: low
9. 9. Medical & Healthcare 69/100
   ~1.9 businesses underserved · confidence: high
10. 10. Veterinary 68/100
    ~1.2 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 07016.

• Restaurants — 38 businesses
• Hair Salons — 19 businesses
• Bicycle Parking — 13 businesses
• Park — 11 businesses
• Banking & Finance — 10 businesses
• Beauty & Nail Salons — 10 businesses
• Parking — 9 businesses
• Religious — 8 businesses
• Auto Repair — 8 businesses
• Fast Food — 7 businesses
• Libraries — 7 businesses
• Gas Stations — 5 businesses
• Schools — 5 businesses
• Bars & Nightlife — 5 businesses
• Clothing & Apparel — 5 businesses

Full demographic profile

Population	23,838
Households	9,164
Median household income	$152,941
Per capita income	$72,825
Median age	43.1
% bachelor's degree or higher	63.488%
% age 18–34	15.278%
% age 65+	13.495%
% renter-occupied	20.861%
Median home value	$608,700
Median gross rent	$1,952
Unemployment rate	3.578%

Nearby ZIPs in NJ

07014 Clifton · 07013 Clifton · 07012 Clifton · 07011 Clifton · 07010 Cliffside Park · 07009 Cedar Grove