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ZIP 55388 — Business Opportunities

Watertown, MN · Local economy intelligence
Population
5,997
Median income
$96,198
Median age
36.3
Households
2,237

Top business opportunities in 55388

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

  1. 1. Jewelry & Accessories 100/100
    ~0.6 businesses underserved · confidence: medium
  2. 2. Childcare 96/100
    ~0.7 businesses underserved · confidence: medium
  3. 3. Furniture & Home Decor 93/100
    ~0.7 businesses underserved · confidence: medium
  4. 4. Fitness Centre 91/100
    ~0.9 businesses underserved · confidence: medium
  5. 5. Clothing & Apparel 88/100
    ~1.3 businesses underserved · confidence: medium
  6. 6. Electronics Repair 86/100
    ~0.4 businesses underserved · confidence: medium
  7. 7. Electronics 83/100
    ~0.4 businesses underserved · confidence: low
  8. 8. Veterinary 81/100
    ~0.5 businesses underserved · confidence: medium
  9. 9. Dancing School 74/100
    ~0.4 businesses underserved · confidence: medium
  10. 10. Music School 72/100
    ~0.3 businesses underserved · confidence: low

What's already here — existing business mix

The most common business categories currently operating in ZIP 55388.

Full demographic profile

Population5,997
Households2,237
Median household income$96,198
Per capita income$42,328
Median age36.3
% bachelor's degree or higher23.969%
% age 18–3419.526%
% age 65+7.637%
% renter-occupied15.245%
Median home value$303,700
Median gross rent$925
Unemployment rate1.105%

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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