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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, Ohio | ||
Data | Columbus, OH | Nationwide |
---|---|---|
Population | 902.04 thousand | 333.2 million |
Proj. 5 Year Population Growth | -2.1002% | 0.5% |
Median Household Income | $94,212 | $74,580 |
Median Age | 32.82 | 38.9 |
Residents per Business | 1 to 28 | 10 to 1 |
Annual Household Expenditures | $25.89 billion | $23.9 trillion |
City Data retrieved from https://sitesusa.com/Data |
Situated in the heart of Ohio, Columbus is not only the state capital but also a hub of economic and cultural activity. Columbus is a buzzing metropolis that boasts a median age of 32.82, indicative of a young and vibrant community, nurtured by its status as a college town.
Read MoreThe consumer expenditure data for Columbus unveils a telling narrative. The total annual consumer expenditure within 5 miles of the city's center amounts to $9.61 billion. A significant chunk of this expenditure is funneled into essentials such as food and beverages, with spending in this sector amounting to $1.41 billion, shelter, with an expenditure of $2.05 billion, and transportation, where spending reaches $1.73 billion. Additionally, other notable sectors like health care and entertainment see substantial expenditures, with amounts of $799.66 million and $541.66 million respectively. This balanced consumer spending behavior in Columbus caters to both necessities and lifestyle choices, indicating a ripe market for franchises in the food and beverages, health care, and entertainment sectors.
Additionally, the housing data reflects a considerable number of renter-occupied units (54.4%). The high rate of renting suggests a transient or mobile population that may not be invested in long-term home maintenance but requires reliable home services for repairs, cleaning, and other maintenance tasks. Home services franchises can cater to this market by providing convenient and trustworthy solutions, making Columbus an ideal location for franchising ventures.
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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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