Is 47374 a good place to open a brewery?

Based on our analysis, 47374 (Richmond, Indiana) is rated "Low Opportunity" with a Brewery Opportunity Score of 44.3/100. The area has 45,186 residents, $52,566 median household income, and a current BDI of 4.4.

What factors determine brewery opportunity in 47374?

The BOS for 47374 considers five factors: household income, demographics (25-44 age group at 9.5%), education (bachelor's+ at 21.8%), existing competition (BDI: 4.4), and accessibility.

Brewery Market Opportunity in Richmond, IN 47374

Brewery Opportunity Score

44.3

Low Opportunity

ZIP code 47374 in Richmond, Indiana currently shows limited opportunity for a new brewery (BOS: 44.3). The combination of demographics, income ($52,566), and current competition (BDI: 4.4) suggests this market may not be the strongest choice for a new venture at this time.

Population

45,186

Potential customer base

Median Income

$52,566

Household income

National Rank

#3,276

Top 29% nationally

Current BDI

4.4

View density →

Opportunity Score Breakdown

Each factor is scored 0–100 and weighted to produce the final BOS. Higher = better opportunity.

Income

Demographics (25-44)

Education

Low Competition

100

Accessibility

Existing Breweries in 47374 (2)

Name	Type
New Boswell Brewing Co	Micro
Noble Order Brewing Company	Brewpub

Related Data for 47374

📊Brewery DensityCurrent brewery concentration in 47374 🚶Walkability ScoreBrewery crawl potential in 47374 📈Indiana MarketState brewery trends & health

Nearby ZIP Codes

47353BOS: 42.5Low Opportunity 47403BOS: 49.4Moderate Opportunity 47404BOS: 50.5Moderate Opportunity 47408BOS: 64.1High Opportunity 47421BOS: 42.6Low Opportunity