Businesses for Sale | Oak Park, Michigan
Discover business opportunities, in or around Oak Park, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Oak Park, located in The Great Lakes State had a total population of 29,243 people.
City Statistics and Other Information About Oak Park
Demographics
From a total population of 29,243, Oak Park has a median age of 37. The average age of males, in Oak Park, is 34 while the average age of females is 41. When you compare the median age of men and women in Oak Park, there is an average difference of 7.18 years.
Income
The median income of individuals, in Oak Park, is $37,745 while the average household income is $65,086. In 2029, the average income per capita for Oak Park is expected to be $37,745.
Additional Information
48237Oakland County
Is Oak Park the Best Location for Franchise Opportunities and Growth?
What is the average income in Oak Park?
The median household income in Oak Park is $65,086, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Oak Park an affordable place to start a franchise?
With a median income of $65,086, Oak Park presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Oak Park's income compare to other locations?
The median income of $65,086 in Oak Park is below the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Oak Park have a stable workforce to support my business?
Absolutely! With 6,872 employed individuals, Oak Park offers a solid labor force to support franchise growth.
Is Oak Park a growing economy?
With a workforce of 6,872 and a median household income of $65,086, Oak Park provides an emerging economic environment for new business opportunities.
Does homeownership in Oak Park indicate a stable market?
Homeownership rates at 7,200 show a strong local investment in the community, which benefits long-term franchise success.
