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ZIP 55021 — Business Opportunities

Faribault, MN · Local economy intelligence
Population
30,973
Median income
$66,742
Median age
40.5
Households
11,435

Top business opportunities in 55021

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

  1. 1. Laundromats 100/100
    ~4.0 businesses underserved · confidence: high
  2. 2. Bicycle Parking 67/100
    ~3.8 businesses underserved · confidence: high
  3. 3. Parking Entrance 67/100
    ~3.3 businesses underserved · confidence: high
  4. 4. Dancing School 60/100
    ~1.7 businesses underserved · confidence: high
  5. 5. Music School 59/100
    ~1.5 businesses underserved · confidence: low
  6. 6. Toys & Games 59/100
    ~1.5 businesses underserved · confidence: low
  7. 7. Cafes & Coffee Shops 58/100
    ~6.1 businesses underserved · confidence: high
  8. 8. Information 58/100
    ~4.4 businesses underserved · confidence: high
  9. 9. Marina 58/100
    ~4.1 businesses underserved · confidence: high
  10. 10. Viewpoint 58/100
    ~5.6 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 55021.

Full demographic profile

Population30,973
Households11,435
Median household income$66,742
Per capita income$34,198
Median age40.5
% bachelor's degree or higher20.29%
% age 18–3418.619%
% age 65+12.553%
% renter-occupied27.244%
Median home value$244,700
Median gross rent$1,047
Unemployment rate5.378%

Nearby ZIPs in MN

55020 Elko New Market · 55019 Dundas · 55018 Dennison · 55017 Dalbo · 55016 Cottage Grove · 55014 Circle Pines

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