Please Confirm
Are you sure you wish to REMOVE from your request basket?
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 Cincinnati, Ohio | ||
| Data | Cincinnati, OH | Nationwide |
|---|---|---|
| Population | 315.12 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -1.6938% | 0.5% |
| Median Household Income | $90,833 | $74,580 |
| Median Age | 32.67 | 38.9 |
| Residents per Business | 1 to 24 | 10 to 1 |
| Annual Household Expenditures | $9.35 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Within a 5-mile radius of Cincinnati, OH, there are over 13,875 businesses. Notably, 537 of these businesses serve as company headquarters, contributing significantly to the region's economic vibrancy. This is an attractive prospect for business services franchising, as the presence of numerous businesses and headquarters indicates a robust market for services such as consulting, marketing, and more.
Read More
The retail sector also thrives in this vicinity. The area's total retail expenditure in 2023 amounted to $4.43 billion, indicating a strong consumer market. With an average monthly household consumer expenditure of $2,635, a significant portion of spending goes into retail purchases. This presents an excellent chance for retail franchises to tap into a prosperous market with a high consumer spending capacity.
Healthcare and medical services play a crucial role in the community's well-being. The local healthcare industry not only supports the physical health of the population but also contributes to the area's economic vitality. With a total healthcare expenditure of $782.61 million, health franchises have a strong foundation to provide essential services and contribute to both health and economic growth.
The real estate and housing market are also noteworthy in this region. The total housing units in 2023 stood at 158,336, with an annual growth of 4,638 units from 2020 to 2023. This housing market data is vital for real estate franchises, indicating a growing demand for housing solutions.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Cincinnati, Ohio Franchise Opportunities (and Businesses for Sale)
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.