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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points for Anchorage, Alaska | ||
| Data | Anchorage, AK | Nationwide |
|---|---|---|
| Population | 288.68 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -0.0426% | 0.5% |
| Median Household Income | $137,964 | $74,580 |
| Median Age | 34.38 | 38.9 |
| Residents per Business | 1 to 18 | 10 to 1 |
| Annual Household Expenditures | $9.75 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The automotive industry in Anchorage, AK is promising, considering that 90.4% of housing units are occupied, with a vehicle ownership distribution that suggests a high rate of vehicle usage: 40% of households have 2 vehicles available, and 19.6% have 3 or more. This, combined with an average per household vehicle count of 1.8, indicates a strong demand for automotive services. Additionally, transportation expenses account for a significant 18.1% of monthly household consumer expenditure, further highlighting the importance of vehicles to Anchorage residents. An automotive franchise offering maintenance, repair services, or even car washes could capitalize on this high vehicle dependency.
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The health and fitness industry also appears to be a sound investment. With an estimated average household net worth of $1.19 million and health care expenditures reaching $790.05 million annually, there's clear evidence of both the means and willingness to spend on health-related services. A franchise that combines health services with fitness, such as a gym that offers health checks and nutritional advice, could tap into this market effectively.
Home services is another industry with potential. The data shows a broad range of housing unit ages, with the median age of homes being 40.7 years and a significant portion built between 1970 and 1989. This suggests a need for renovation and upkeep services. Moreover, shelter expenses represent a substantial 21.1% of monthly expenditures, indicating that homeowners are willing to invest in maintaining and improving their properties. Franchises that provide home improvement, repair, or maintenance services could find a receptive market in Anchorage.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Anchorage, Alaska Franchise Opportunities (and Businesses for Sale)
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