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Food Truck Market: ZIP 07054

Opportunity Score

83 / 100 Excellent

Based on walkability, population density, income levels, and food truck competition.

Market Profile

ZIP 07054 sits in the above-average walkability at 11.8/20 on the EPA index. Median income runs 45% above the national median — $107,955 vs. $74,580 nationally. High foot traffic and real purchasing power make this one of the stronger food truck markets in the country. The tradeoff: commissary kitchen rates and permit fees are elevated to match.

Market Summary

ZIP 07054 is an urban area with moderate foot traffic. with a population of 30,139 and household incomes well above the national median ($107,955). There are 83 restaurants here but no registered food trucks — an untapped market with proven dining demand.

Area Profile

30,139

Population

$107,955

Median Income

+45% vs. national

Urban

Area Type

11.8/20

Foot Traffic

Walkable

Median Age: 41.3 — older demographic, may prefer sit-down options.

College-Educated: 44.9% — strong appetite for artisan/specialty food.

Competition

Food service establishments in ZIP 07054.

Sit-Down Restaurants

14.6 per 10K residents

Fast Food / Counter

12.9 per 10K residents

Operating Costs

Local cost levels affect commissary kitchen rates, permits, and event vendor pricing.

$2,400

2BR Fair Market Rent

$1,725

Median Gross Rent

$570 K

Median Home Value

Bank Branches

$2.6 M deposits

Commissary estimate: This is a high-cost area. Monthly commissary kitchen rentals typically run $290–$490 in markets like this.

What to Expect Here

Fixed Location Beats Roaming

High-foot-traffic areas reward consistency. If you can secure a recurring spot near offices or transit stops, build your weekly schedule around it. Regular customers drive more revenue than novelty seekers.

Premium Pricing Holds Here

Income levels and education rates both point toward a market that will pay for quality. Specialty ingredients, dietary accommodations, and strong branding all command price premiums in this ZIP. Don't race to the bottom.