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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 Tulsa, Oklahoma | ||
| Data | Tulsa, OK | Nationwide |
|---|---|---|
| Population | 423.1 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -4.0691% | 0.5% |
| Median Household Income | $92,436 | $74,580 |
| Median Age | 35.5 | 38.9 |
| Residents per Business | 1 to 19 | 10 to 1 |
| Annual Household Expenditures | $11.67 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data indicates a significant annual consumer expenditure on health care in Tulsa, amounting to $973.35 million, which suggests a strong consumer focus on health and wellness. Given an estimated population of 423,099 and a median household income of $58,924, there is likely disposable income available for health-related services. A franchise in the health and fitness sector, such as a gym or a wellness center, could tap into the consumer spending habits focused on personal well-being.
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There are over 297,168 total vehicles in Tulsa and the average vehicles per household is 1.7. The demand for automotive services is evident. A franchise that offers automotive repairs, maintenance, or even car wash services could benefit from the need to maintain these vehicles, particularly when considering the average vehicle ownership.
The data shows a majority of housing units are 1 detached unit (66.4%), and there is a sizable annual consumer expenditure on household operations ($461.45 million). Additionally, the median age of homes is 50.3 years, indicating potential needs for repairs and upgrades. A franchise that specializes in home services like renovations, lawn care, or cleaning could capitalize on the needs of homeowners looking to maintain or improve their properties.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Tulsa, Oklahoma Franchise Opportunities (and Businesses for Sale)
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