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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 Columbus, Indiana | ||
| Data | Columbus, IN | Nationwide |
|---|---|---|
| Population | 52.3 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -5.4406% | 0.5% |
| Median Household Income | $112,947 | $74,580 |
| Median Age | 36.61 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $1.6 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data shows that in Columbus, Indiana, there are 39,613 total vehicles available, with an average of 1.9 vehicles per household. Specifically, 78% of the vehicles are associated with owner-occupied households, averaging 2.2 vehicles per household, indicating a strong car culture. Considering the high vehicle ownership and the fact that 74.2% of workers drive to work alone, there is a consistent need for automotive services. This suggests an opportunity for automotive franchises specializing in maintenance, repair, and car washes to service the 20,347 individuals who drive alone to work.
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Columbus boasts 21,030 households, with a majority (67.9%) being owner-occupied. The median age of homes is 45.4 years, indicating a significant number of properties may need maintenance and renovation. Home values are generally high, with a median value of $196,441, and household income data supports discretionary spending, with an estimated average household income of $112,947 in 2023. These figures suggest a market for franchises offering home improvement, landscaping, and cleaning services, which can capitalize on homeowners' investments in maintaining and enhancing their property values.
The estimated average household net worth in Columbus is $473,688, and the health care consumer expenditure stands at $132.97 million, reflecting a community with the means and likely the inclination to invest in health and wellness. Health and fitness franchises, such as gyms, personal training, or wellness centers, can tap into the community's interest in maintaining a healthy lifestyle, supported by the financial ability to pay for such services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Columbus, Indiana Franchise Opportunities (and Businesses for Sale)
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