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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 Trenton, New Jersey | ||
| Data | Trenton, NJ | Nationwide |
|---|---|---|
| Population | 86.91 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 7.02% | 0.5% |
| Median Household Income | $91,086 | $74,580 |
| Median Age | 33.69 | 38.9 |
| Residents per Business | 1 to 34 | 10 to 1 |
| Annual Household Expenditures | $1.92 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The estimated average household income in Trenton for 2023 was $91,086, with a projected increase to $109,182 by 2028. This upward trend suggests that residents may have more discretionary income to spend on health and wellness, making it a promising sector for new franchises. Additionally, the per capita income is estimated to be $31,414, with a 3.7% projected annual change, reinforcing the potential for health and fitness franchises, such as gyms, boutique fitness studios, or wellness centers, to cater to a population with a growing spending power.
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With an owner-occupied housing rate of 50.8% and a median home value of $121,109, there is an established market for home services in Trenton. Moreover, the data shows a significant number of homes built before 1939 (39.1%), pointing to a possible need for restoration and specialty maintenance services, which a home services franchise could fulfill.
The business data for Trenton indicates a substantial professional workforce with 10.3% involved in management, business, and financial operations, and 17.8% in professional, related occupations. With a total of 2,537 businesses and an employee population per business ratio of 17.9 to 1, there could be a significant demand for services that support business operations.
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Trenton, New Jersey Franchise Opportunities (and Businesses for Sale)
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