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ZIP 55038 — Business Opportunities

Hugo, MN · Local economy intelligence
Population
23,764
Median income
$122,099
Median age
38.1
Households
8,930

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.

Full demographic profile

Population23,764
Households8,930
Median household income$122,099
Per capita income$54,260
Median age38.1
% bachelor's degree or higher44.885%
% age 18–3417.636%
% age 65+8.828%
% renter-occupied10.357%
Median home value$369,800
Median gross rent$1,785
Unemployment rate1.656%

Nearby ZIPs in MN

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

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