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ZIP 55304 — Business Opportunities

Andover, MN · Local economy intelligence
Population
49,175
Median income
$120,854
Median age
40.4
Households
16,762

Top business opportunities in 55304

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

  1. 1. Jewelry & Accessories 100/100
    ~7.1 businesses underserved · confidence: high
  2. 2. Furniture & Home Decor 87/100
    ~7.6 businesses underserved · confidence: high
  3. 3. Childcare 78/100
    ~7.2 businesses underserved · confidence: high
  4. 4. Electronics Repair 77/100
    ~4.2 businesses underserved · confidence: high
  5. 5. Electronics 74/100
    ~3.9 businesses underserved · confidence: low
  6. 6. Veterinary 69/100
    ~5.5 businesses underserved · confidence: high
  7. 7. Clothing & Apparel 64/100
    ~11.2 businesses underserved · confidence: high
  8. 8. Fitness Centre 54/100
    ~6.5 businesses underserved · confidence: high
  9. 9. Dancing School 48/100
    ~3.3 businesses underserved · confidence: high
  10. 10. Music School 47/100
    ~3.0 businesses underserved · confidence: low

What's already here — existing business mix

The most common business categories currently operating in ZIP 55304.

Full demographic profile

Population49,175
Households16,762
Median household income$120,854
Per capita income$51,148
Median age40.4
% bachelor's degree or higher36.633%
% age 18–3415.221%
% age 65+10.652%
% renter-occupied5.689%
Median home value$380,100
Median gross rent$1,585
Unemployment rate2.529%

Nearby ZIPs in MN

55398 Zimmerman · 55113 Saint Paul · 55112 Saint Paul · 55111 Saint Paul · 55110 Saint Paul · 55109 Saint Paul

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