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Food Truck Market: ZIP 07055

Opportunity Score

68 / 100 Good

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

Market Profile

ZIP 07055 has strong foot traffic at 14.9/20 on the EPA walkability index. Income slightly below the national average ($56,780). Lunch and quick-service formats do well here. Premium pricing is harder to sustain than in high-income urban cores — keep your menu math tight.

Market Summary

ZIP 07055 is an urban area with moderate foot traffic. with a population of 69,651 and household incomes near the national median ($56,780). There are 107 restaurants here but no registered food trucks — an untapped market with proven dining demand.

Area Profile

69,651

Population

$56,780

Median Income

-24% vs. national

Urban

Area Type

14.9/20

Foot Traffic

Very Car-Dependent

Median Age: 30.9 — mixed-age market, broad menu appeal.

College-Educated: 9.7% — value-focused market, keep prices competitive.

Competition

Food service establishments in ZIP 07055.

Sit-Down Restaurants

9.0 per 10K residents

Fast Food / Counter

6.3 per 10K residents

Operating Costs

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

$1,640

2BR Fair Market Rent

$1,392

Median Gross Rent

$410 K

Median Home Value

Bank Branches

$950 K deposits

Commissary estimate: This is a higher-cost area. Monthly commissary kitchen rentals typically run $200–$400 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.

Price for the Market

This is a price-sensitive ZIP. Operators who succeed here lead with value — generous portions, clear value signals, combo deals. A $15 entrée is a hard sell when the median income is $56,780.

Young Market Dynamics

Median age under 32 and solid walkability is a good combination for street food. Late lunch and post-work hours tend to outperform breakfast in younger markets. Social media discovery works here too.