Austin, Texas Franchise Market Analysis
To gain comprehensive insights into Austin, Texas, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
Austin, Texas Demographic Insights | ||
Households (2023) | 433,359 | |
Households (2028) | 461,256 | |
Population (2023) | 985,638 | |
Population (2028) | 1,048,578 | |
Per capita Income (2023) | $62,097 | |
Total Household Expenditures | $39,063,972,652 | |
Total Retail Expenditures | $18,261,366,904 | |
Average Household Income (2023) | $140,605 | |
Average Household Income (2028) | $142,527 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
With a median household income of $94,164 and an estimated average household income of $140,605, Austin's strong economic base is ideal for franchises in the healthcare and senior care sectors. The city's population is on the rise, projected to grow from 985,638 to 1.05 million by 2028, increasing the need for healthcare services.
Read MoreThe food and beverage industry in Austin is particularly vibrant, with consumer expenditures totaling $5.66 billion annually. This high level of spending reflects the city's appetite for unique and high-quality dining experiences, making it an ideal market for food industry franchises. Concepts that can introduce fresh, innovative, and possibly locally sourced food options could thrive in this environment, tapping into the city's food culture.
Austin's housing market provides a fertile ground for home services franchises, with 433,359 households, boasting a median home value of $454,200. Franchises that offer a range of services from landscaping to remodeling are well-positioned to capitalize on this trend, especially considering the increase in housing units and the influx of homes built post-2010.
The retail sector in Austin is robust, with the total annual consumer expenditures reaching $18.26 billion. The city's high average household net worth of $710,258 suggests that the consumer base has the capacity for spending on a variety of retail goods. Retail franchises have an opportunity to tap into this economic prosperity.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Austin, Texas Franchise Opportunities (and Businesses for Sale)
Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…
70k Minimum Cash Required
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,000 you want to feature on your website! MBV’s 10% Price Guarantee on…
3,995 Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
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As of May 16, 2024: