ZIP 55940 — Business Opportunities

Top business opportunities in 55940

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

1. 1. Dancing School 100/100
   ~0.2 businesses underserved · confidence: medium
2. 2. Music School 98/100
   ~0.2 businesses underserved · confidence: low
3. 3. Toys & Games 97/100
   ~0.2 businesses underserved · confidence: low
4. 4. Fitness Centre 95/100
   ~0.3 businesses underserved · confidence: medium
5. 5. Furniture & Home Decor 95/100
   ~0.3 businesses underserved · confidence: medium
6. 6. Gas Stations 94/100
   ~1.1 businesses underserved · confidence: medium
7. 7. Parking 93/100
   ~0.7 businesses underserved · confidence: medium
8. 8. Bicycle Parking 93/100
   ~0.3 businesses underserved · confidence: medium
9. 9. Parking Entrance 93/100
   ~0.3 businesses underserved · confidence: medium
10. 10. Cafes & Coffee Shops 93/100
    ~0.6 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 55940.

• Religious — 6 businesses
• Bars & Nightlife — 2 businesses
• Schools — 2 businesses
• Restaurants — 1 businesses
• Hair Salons — 1 businesses
• Auto Repair — 1 businesses
• Fire Station — 1 businesses
• Libraries — 1 businesses
• Government Services — 1 businesses
• Banking & Finance — 1 businesses
• Funeral Directors — 1 businesses
• Childcare — 1 businesses
• Laundromats — 1 businesses
• Gallery — 0 businesses
• Engineer — 0 businesses

Full demographic profile

Population	2,818
Households	1,120
Median household income	$79,310
Per capita income	$38,653
Median age	38.8
% bachelor's degree or higher	25.264%
% age 18–34	18.098%
% age 65+	12.74%
% renter-occupied	21.266%
Median home value	$214,800
Median gross rent	$993
Unemployment rate	1.641%

Nearby ZIPs in MN

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