Businesses for Sale | Hazel Park, Michigan
Discover business opportunities, in or around Hazel Park, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Hazel Park, located in The Great Lakes State had a total population of 15,161 people.
City Statistics and Other Information About Hazel Park
Demographics
From a total population of 15,161, Hazel Park has a median age of 37. The average age of males, in Hazel Park, is 36 while the average age of females is 38. When you compare the median age of men and women in Hazel Park, there is an average difference of 1.92 years.
Income
The median income of individuals, in Hazel Park, is $35,064 while the average household income is $63,323. In 2029, the average income per capita for Hazel Park is expected to be $35,064.
Additional Information
48030Oakland County
Is Hazel Park the Best Location for Franchise Opportunities and Growth?
What is the average income in Hazel Park?
The median household income in Hazel Park is $63,323, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Hazel Park an affordable place to start a franchise?
With a median income of $63,323, Hazel Park presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Hazel Park's income compare to other locations?
The median income of $63,323 in Hazel Park is below the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Hazel Park have a stable workforce to support my business?
Absolutely! With 4,576 employed individuals, Hazel Park offers a solid labor force to support franchise growth.
Is Hazel Park a growing economy?
With a workforce of 4,576 and a median household income of $63,323, Hazel Park provides an emerging economic environment for new business opportunities.
Does homeownership in Hazel Park indicate a stable market?
Homeownership rates at 4,196 show a strong local investment in the community, which benefits long-term franchise success.
