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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 Santa Clarita, California | ||
| Data | Santa Clarita, CA | Nationwide |
|---|---|---|
| Population | 219.56 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.2548% | 0.5% |
| Median Household Income | $150,994 | $74,580 |
| Median Age | 37.31 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $7.34 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Santa Clarita’s demographic and economic data suggest several promising franchise opportunities. With a substantial estimated population of 219,559 in 2023 and an average household income of $150,994, coupled with a net worth of $1.49M, the city’s consumers have spending power.
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This economic backdrop makes it conducive for luxury and discretionary spending franchises, particularly in the automotive industry. The data indicates there are 152,610 vehicles available within households, with an average of 2.0 vehicles per household and 57.9% of these vehicles belonging to owner-occupied households. Given the city’s estimated median home value at $646,023, residents likely have the financial means to invest in vehicle maintenance and high-end automotive services. An automotive franchise that offers luxury car maintenance, detailing, or high-performance upgrades could leverage the affluent customer base and the prevalent culture of car ownership.
Considering the total annual consumer expenditure on education in Santa Clarita is $263.28M, there is an evident focus on education within the city. This significant expenditure, combined with the fact that 21.6% of the worker base works from home, reveals an opportunity for education-related franchises. Tutoring services, educational materials, and enrichment programs for children and adults can be viable businesses, tapping into the community’s commitment to learning and personal development.
Santa Clarita’s expenditure on health care ($582.99M) and the monthly household expenditure on health care ($628) reflect a community that values health and wellness. A franchise in the health and fitness industry, such as a gym, wellness center, or a health food store, can cater to this health-conscious population.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Santa Clarita, California Franchise Opportunities (and Businesses for Sale)
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