ZIP 55038 — Business Opportunities

Top business opportunities in 55038

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

1. 1. Jewelry & Accessories 100/100
   ~3.5 businesses underserved · confidence: medium
2. 2. Furniture & Home Decor 82/100
   ~3.7 businesses underserved · confidence: medium
3. 3. Electronics Repair 75/100
   ~2.0 businesses underserved · confidence: medium
4. 4. Childcare 74/100
   ~3.5 businesses underserved · confidence: medium
5. 5. Electronics 72/100
   ~1.9 businesses underserved · confidence: low
6. 6. Clothing & Apparel 69/100
   ~6.2 businesses underserved · confidence: medium
7. 7. Veterinary 67/100
   ~2.7 businesses underserved · confidence: medium
8. 8. Fitness Centre 63/100
   ~3.9 businesses underserved · confidence: medium
9. 9. Restaurants 61/100
   ~17.7 businesses underserved · confidence: medium
10. 10. Cafes & Coffee Shops 57/100
    ~6.8 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 55038.

• Park — 4 businesses
• Religious — 1 businesses
• Nature Reserve — 1 businesses
• Pitch — 1 businesses
• Coworking — 0 businesses
• Bench — 0 businesses
• Fashion Accessories — 0 businesses
• Video Games — 0 businesses
• Electronics Repair — 0 businesses
• Mall — 0 businesses
• Nightclub — 0 businesses
• Winery — 0 businesses
• Outdoor — 0 businesses
• Car Rental — 0 businesses
• Therapist — 0 businesses

Full demographic profile

Population	23,764
Households	8,930
Median household income	$122,099
Per capita income	$54,260
Median age	38.1
% bachelor's degree or higher	44.885%
% age 18–34	17.636%
% age 65+	8.828%
% renter-occupied	10.357%
Median home value	$369,800
Median gross rent	$1,785
Unemployment rate	1.656%

Nearby ZIPs in MN

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