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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 Augusta, Georgia | ||
Data | Augusta, GA | Nationwide |
---|---|---|
Population | 203.38 thousand | 333.2 million |
Proj. 5 Year Population Growth | -4.4405% | 0.5% |
Median Household Income | $73,073 | $74,580 |
Median Age | 34.49 | 38.9 |
Residents per Business | 1 to 21 | 10 to 1 |
Annual Household Expenditures | $4.56 billion | $23.9 trillion |
City Data retrieved from https://sitesusa.com/Data |
With an estimated population of 203,377 in 2023 and a projected growth to 212,613 by 2028, Augusta presents a stable environment for franchise growth. The average household income stands at $73,073, with a projected increase to $76,050 by 2028.
Read MoreTransportation data in Augusta reveals that 76.7% of workers drive to work alone, and there are 1.6 vehicles per household on average. This reliance on personal transportation highlights opportunities in the automotive industry, particularly in services such as car repair, maintenance, and car washes. With 42.6% of households having only one vehicle available, there's likely a demand for quick, reliable service to minimize downtime. Automotive franchises that can offer speedy, high-quality service will be well-positioned in Augusta.
The health and fitness industry also stands out as a promising sector in Augusta. With personal healthcare expenditures at $386.14 million annually and a growing trend towards health consciousness, there is a substantial market for businesses that promote wellness. Franchises offering gym facilities, specialized fitness classes, or health food could capitalize on this focus on health.
Augusta's food and beverages consumer expenditure is significant at $676.07 million annually. With an average monthly household expenditure on food and beverages of $691, there's a clear demand for dining options. Franchise restaurants, particularly those that offer unique dining experiences or cater to health-conscious consumers, could find a receptive audience.
Explore the franchise listings below and take the first step towards a rewarding business venture.
At Franchise Ventures, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.
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