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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 Arlington, Texas | ||
Data | Arlington, TX | Nationwide |
---|---|---|
Population | 395.56 thousand | 333.2 million |
Proj. 5 Year Population Growth | -3.6901% | 0.5% |
Median Household Income | $103,216 | $74,580 |
Median Age | 32.97 | 38.9 |
Residents per Business | 1 to 23 | 10 to 1 |
Annual Household Expenditures | $10.39 billion | $23.9 trillion |
City Data retrieved from https://sitesusa.com/Data |
With an estimated average household income of $103,216 in 2023 and a projected average household income of $105,370 by 2028, Arlington has a robust economic foundation that supports discretionary spending. This financial health is conducive to the food franchise industry, particularly in upscale dining or specialty food services. The data shows a considerable annual expenditure in food and beverages in Arlington, totaling $1.53 billion. This indicates a significant market for food-related franchises.
Read MoreThe health and fitness industry could also be promising in Arlington, considering the $861.23 million dedicated to health care annually. With a growing population projected to reach 410,429 by 2028 and an average household net worth of $464,213, there is likely a consumer base for health-related services. Franchises offering fitness centers, wellness programs, or organic health food stores could tap into the community’s increasing health consciousness and spending power.
Lastly, the retail sector is a viable option for franchising due to a total retail expenditure of $4.9 billion annually. With a significant portion of households having access to vehicles (39.8% with 2 vehicles and 23% with 3 or more), there is an opportunity for retail franchises that cater to automotive services. Furthermore, the presence of 17,094 businesses and a labor force where 58.0% are white-collar workers could indicate demand for business services franchises that provide support such as printing, shipping, and office supplies.
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