Businesses for Sale | Madison Heights, Michigan
Discover business opportunities, in or around Madison Heights, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Madison Heights, located in The Great Lakes State had a total population of 27,937 people.
City Statistics and Other Information About Madison Heights
Demographics
From a total population of 27,937, Madison Heights has a median age of 39. The average age of males, in Madison Heights, is 37 while the average age of females is 40. When you compare the median age of men and women in Madison Heights, there is an average difference of 3.19 years.
Income
The median income of individuals, in Madison Heights, is $40,945 while the average household income is $66,794. In 2029, the average income per capita for Madison Heights is expected to be $40,945.
Additional Information
48071Oakland County
Is Madison Heights the Best Location for Franchise Opportunities and Growth?
What is the average income in Madison Heights?
The median household income in Madison Heights is $66,794, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Madison Heights an affordable place to start a franchise?
With a median income of $66,794, Madison Heights presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Madison Heights's income compare to other locations?
The median income of $66,794 in Madison Heights is below the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Madison Heights have a stable workforce to support my business?
Absolutely! With 8,833 employed individuals, Madison Heights offers a solid labor force to support franchise growth.
Is Madison Heights a growing economy?
With a workforce of 8,833 and a median household income of $66,794, Madison Heights provides an emerging economic environment for new business opportunities.
Does homeownership in Madison Heights indicate a stable market?
Homeownership rates at 7,775 show a strong local investment in the community, which benefits long-term franchise success.
