ZIP 55932 — Business Opportunities

Top business opportunities in 55932

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

1. 1. Jewelry & Accessories 100/100
   ~0.2 businesses underserved · confidence: medium
2. 2. Bars & Nightlife 96/100
   ~0.7 businesses underserved · confidence: medium
3. 3. Fitness Centre 93/100
   ~0.3 businesses underserved · confidence: medium
4. 4. Cafes & Coffee Shops 92/100
   ~0.5 businesses underserved · confidence: medium
5. 5. Furniture & Home Decor 91/100
   ~0.2 businesses underserved · confidence: medium
6. 6. Clothing & Apparel 88/100
   ~0.4 businesses underserved · confidence: medium
7. 7. Electronics Repair 84/100
   ~0.1 businesses underserved · confidence: medium
8. 8. Electronics 81/100
   ~0.1 businesses underserved · confidence: low
9. 9. Veterinary 79/100
   ~0.2 businesses underserved · confidence: medium
10. 10. Childcare 62/100
    ~0.2 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 55932.

• Parking — 2 businesses
• Restaurants — 1 businesses
• Gas Stations — 1 businesses
• Police — 1 businesses
• Schools — 1 businesses
• Fire Station — 1 businesses
• Government Services — 1 businesses
• Hairdresser Supply — 0 businesses
• Music School — 0 businesses
• Mobile Phone — 0 businesses
• Opticians — 0 businesses
• Employment Agency — 0 businesses
• Financial Advisor — 0 businesses
• Financial — 0 businesses
• Tailor — 0 businesses

Full demographic profile

Population	2,035
Households	823
Median household income	$96,382
Per capita income	$46,021
Median age	38.8
% bachelor's degree or higher	33.333%
% age 18–34	20.197%
% age 65+	9.975%
% renter-occupied	17.558%
Median home value	$261,100
Median gross rent	$722
Unemployment rate	3.498%

Nearby ZIPs in MN

55925 Dakota · 55910 Altura · 55811 Duluth · 55810 Duluth · 55808 Duluth · 55807 Duluth