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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 Marietta, Georgia | ||
Data | Marietta, GA | Nationwide |
---|---|---|
Population | 62.85 thousand | 333.2 million |
Proj. 5 Year Population Growth | -4.3081% | 0.5% |
Median Household Income | $111,221 | $74,580 |
Median Age | 34.81 | 38.9 |
Residents per Business | 1 to 8 | 10 to 1 |
Annual Household Expenditures | $1.96 billion | $23.9 trillion |
City Data retrieved from https://sitesusa.com/Data |
The home services industry has the potential to thrive in Marietta. With a median home value of $357,209 and an owner-occupied housing rate of 59.1%, there's a significant market for home improvement and maintenance services. The distribution of home values with 16.7% of homes ranging from $500,000 to $749,999 indicates that homeowners might have disposable income for renovations, landscaping, or other home services that increase property value or enhance living quality.
Read MoreA real estate franchise in Marietta could capitalize on the 14.1% of households with incomes over $200,000, potentially looking to buy or sell properties in a fairly affluent market. The median age of homes being 38.9 years suggests there may be opportunities for real estate services focusing on older home sales or renovations.
Lastly, the automotive industry could leverage the fact that 37.0% of households have 2 vehicles available, and an average of 1.8 vehicles per household indicates a car-dependent community. With a significant number of homes with multiple vehicles, there is likely consistent demand for automotive services such as repairs, maintenance, and car washes in Marietta.
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