ZIP 55020 — Business Opportunities

Top business opportunities in 55020

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

1. 1. Furniture & Home Decor 100/100
   ~0.7 businesses underserved · confidence: medium
2. 2. Jewelry & Accessories 100/100
   ~0.6 businesses underserved · confidence: medium
3. 3. Childcare 100/100
   ~0.8 businesses underserved · confidence: medium
4. 4. Electronics Repair 98/100
   ~0.4 businesses underserved · confidence: medium
5. 5. Electronics 94/100
   ~0.4 businesses underserved · confidence: low
6. 6. Clothing & Apparel 92/100
   ~1.3 businesses underserved · confidence: medium
7. 7. Veterinary 86/100
   ~0.6 businesses underserved · confidence: medium
8. 8. Fitness Centre 86/100
   ~0.8 businesses underserved · confidence: medium
9. 9. Restaurants 65/100
   ~2.7 businesses underserved · confidence: medium
10. 10. Schools 63/100
    ~1.5 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 55020.

• Park — 3 businesses
• Fire Station — 2 businesses
• Government Services — 2 businesses
• Sports Centre — 1 businesses
• Restaurants — 1 businesses
• Gas Stations — 1 businesses
• Townhall — 1 businesses
• Bars & Nightlife — 1 businesses
• Fast Food — 1 businesses
• Libraries — 1 businesses
• Cinema — 1 businesses
• Cleaning — 1 businesses
• Caterer — 1 businesses
• Garden — 1 businesses
• Information — 0 businesses

Full demographic profile

Population	4,319
Households	1,381
Median household income	$140,417
Per capita income	$51,329
Median age	33.7
% bachelor's degree or higher	39.553%
% age 18–34	19.68%
% age 65+	4.839%
% renter-occupied	0.479%
Median home value	$423,100
Median gross rent	—
Unemployment rate	1.645%

Nearby ZIPs in MN

55019 Dundas · 55018 Dennison · 55017 Dalbo · 55016 Cottage Grove · 55014 Circle Pines · 55013 Chisago City