ZIP 55024 — Business Opportunities

Top business opportunities in 55024

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

1. 1. Jewelry & Accessories 100/100
   ~4.0 businesses underserved · confidence: high
2. 2. Dancing School 91/100
   ~3.1 businesses underserved · confidence: high
3. 3. Electronics Repair 90/100
   ~3.0 businesses underserved · confidence: high
4. 4. Music School 89/100
   ~2.9 businesses underserved · confidence: low
5. 5. Toys & Games 88/100
   ~2.8 businesses underserved · confidence: low
6. 6. Electronics 86/100
   ~2.8 businesses underserved · confidence: low
7. 7. Furniture & Home Decor 86/100
   ~4.4 businesses underserved · confidence: high
8. 8. Clothing & Apparel 83/100
   ~9.0 businesses underserved · confidence: high
9. 9. Driving School 78/100
   ~2.3 businesses underserved · confidence: low
10. 10. Prep School 76/100
    ~2.2 businesses underserved · confidence: low

What's already here — existing business mix

The most common business categories currently operating in ZIP 55024.

• Park — 28 businesses
• Religious — 9 businesses
• Schools — 7 businesses
• Restaurants — 6 businesses
• Social Facility — 6 businesses
• Auto Repair — 5 businesses
• Gas Stations — 5 businesses
• Fast Food — 5 businesses
• Convenience Stores — 5 businesses
• Bars & Nightlife — 4 businesses
• Nature Reserve — 4 businesses
• Banking & Finance — 4 businesses
• Auto Sales — 4 businesses
• Childcare — 4 businesses
• Parking — 3 businesses

Full demographic profile

Population	36,697
Households	12,458
Median household income	$116,536
Per capita income	$44,269
Median age	35.6
% bachelor's degree or higher	35.312%
% age 18–34	16.835%
% age 65+	5.856%
% renter-occupied	11.508%
Median home value	$329,600
Median gross rent	$1,275
Unemployment rate	3.17%

Nearby ZIPs in MN

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