Mr. Appliance
Trusted appliance repair franchise serving residential and commercial customers coast to coast.
$50k minimum cash required
Businesses for Sale | Gem Lake, Minnesota
Discover business opportunities, in or around Gem Lake, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Gem Lake, located in The North Star State had a total population of 504 people.
City Statistics and Other Information About Gem Lake
Demographics
From a total population of 504, Gem Lake has a median age of 49. The average age of males, in Gem Lake, is 50 while the average age of females is 47. When you compare the median age of men and women in Gem Lake, there is an average difference of 3.07 years.
Income
The median income of individuals, in Gem Lake, is $80,987 while the average household income is $154,999. In 2029, the average income per capita for Gem Lake is expected to be $80,987.
Additional Information
Ramsey CountyIs Gem Lake the Best Location for Franchise Opportunities and Growth?
What is the average income in Gem Lake?
The median household income in Gem Lake is $154,999, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Gem Lake an affordable place to start a franchise?
With a median income of $154,999, Gem Lake presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Gem Lake's income compare to other locations?
The median income of $154,999 in Gem Lake is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Gem Lake have a stable workforce to support my business?
Absolutely! With 192 employed individuals, Gem Lake offers a solid labor force to support franchise growth.
Is Gem Lake a growing economy?
With a workforce of 192 and a median household income of $154,999, Gem Lake provides a stable economic environment for new business opportunities.
Does homeownership in Gem Lake indicate a stable market?
Homeownership rates at 144 show a strong local investment in the community, which benefits long-term franchise success.