Businesses for Sale | Melrose Park, Illinois
Discover business opportunities, in or around Melrose Park, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Melrose Park, located in The Prairie State had a total population of 23,631 people.
City Statistics and Other Information About Melrose Park
Demographics
From a total population of 23,631, Melrose Park has a median age of 35. The average age of males, in Melrose Park, is 35 while the average age of females is 35. When you compare the median age of men and women in Melrose Park, there is an average difference of 0.1 years.
Income
The median income of individuals, in Melrose Park, is $33,447 while the average household income is $70,210. In 2029, the average income per capita for Melrose Park is expected to be $33,447.
Additional Information
60160 - 60164Cook County
Is Melrose Park the Best Location for Franchise Opportunities and Growth?
What is the average income in Melrose Park?
The median household income in Melrose Park is $70,210, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Melrose Park an affordable place to start a franchise?
With a median income of $70,210, Melrose Park presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Melrose Park's income compare to other locations?
The median income of $70,210 in Melrose Park is below the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Melrose Park have a stable workforce to support my business?
Absolutely! With 6,590 employed individuals, Melrose Park offers a solid labor force to support franchise growth.
Is Melrose Park a growing economy?
With a workforce of 6,590 and a median household income of $70,210, Melrose Park provides an emerging economic environment for new business opportunities.
Does homeownership in Melrose Park indicate a stable market?
Homeownership rates at 3,869 show a strong local investment in the community, which benefits long-term franchise success.
