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ZIP 56118 — Business Opportunities

Bingham Lake, MN · Local economy intelligence
Population
519
Median income
$84,886
Median age
44.8
Households
194

Top business opportunities in 56118

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

  1. 1. Childcare 100/100
    ~0.1 businesses underserved · confidence: low
  2. 2. Schools 83/100
    ~0.2 businesses underserved · confidence: low
  3. 3. Dancing School 83/100
    ~0.0 businesses underserved · confidence: low
  4. 4. Music School 81/100
    ~0.0 businesses underserved · confidence: low
  5. 5. Toys & Games 80/100
    ~0.0 businesses underserved · confidence: low
  6. 6. Driving School 71/100
    ~0.0 businesses underserved · confidence: low
  7. 7. Prep School 69/100
    ~0.0 businesses underserved · confidence: low
  8. 8. Furniture & Home Decor 67/100
    ~0.1 businesses underserved · confidence: low
  9. 9. Jewelry & Accessories 55/100
    ~0.0 businesses underserved · confidence: low
  10. 10. Electronics Repair 51/100
    ~0.0 businesses underserved · confidence: low

What's already here — existing business mix

The most common business categories currently operating in ZIP 56118.

Full demographic profile

Population519
Households194
Median household income$84,886
Per capita income$38,405
Median age44.8
% bachelor's degree or higher23.684%
% age 18–3414.451%
% age 65+13.873%
% renter-occupied3.398%
Median home value$244,600
Median gross rent
Unemployment rate1.399%

Nearby ZIPs in MN

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

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