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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 Atlanta, Georgia | ||
Data | Atlanta, GA | Nationwide |
---|---|---|
Population | 521.47 thousand | 333.2 million |
Proj. 5 Year Population Growth | -10.0753% | 0.5% |
Median Household Income | $136,924 | $74,580 |
Median Age | 33.56 | 38.9 |
Residents per Business | 1 to 10 | 10 to 1 |
Annual Household Expenditures | $21.54 billion | $23.9 trillion |
City Data retrieved from https://sitesusa.com/Data |
The median household income in Atlanta as of 2023 is estimated to be $92,928 within a 5 mile radius of the city center, a substantial rise from the $47,065 recorded in 2010. This significant growth in income levels over the years signifies a prosperous community with increasing purchasing power, an encouraging sign for potential franchisees.
Read MoreAtlanta's commuting behaviors underscore a modern, adaptable working culture. It's notable that a significant number of individuals have adopted remote working, with a remarkable 43.4% choosing to work from home. This trend suggests that franchises or businesses oriented towards work-from-home setups could find a receptive market in Atlanta. The city's infrastructure and culture appear to be conducive to WFH success.
On the flip side, this substantial remote population might pose challenges for businesses that traditionally rely on commuter traffic or lunch hour patronage for revenue. However, this less mobilized workforce could potentially drive increased demand for local grocery stores and other home-based services.
Furthermore, the city's expenditure habits reveal a robust consumer market. The total retail expenditure stands at $6.38 billion annually, with significant spending on categories like food and beverages, entertainment, and transportation. These spending habits indicate a strong market potential for food franchises and other businesses operating in these sectors.
The continual upward trajectory in median household income, along with the modern work arrangements and robust consumer spending, paints a promising picture for potential franchisees considering Atlanta for their next venture.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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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