Businesses for Sale | Medicine Lake, Minnesota
Discover business opportunities, in or around Medicine Lake, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Medicine Lake, located in The North Star State had a total population of 304 people.
City Statistics and Other Information About Medicine Lake
Demographics
From a total population of 304, Medicine Lake has a median age of 44. The average age of males, in Medicine Lake, is 43 while the average age of females is 45. When you compare the median age of men and women in Medicine Lake, there is an average difference of 2.42 years.
Income
The median income of individuals, in Medicine Lake, is $176,361 while the average household income is $224,999. In 2029, the average income per capita for Medicine Lake is expected to be $176,361.
Additional Information
Hennepin CountyIs Medicine Lake the Best Location for Franchise Opportunities and Growth?
What is the average income in Medicine Lake?
The median household income in Medicine Lake is $224,999, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Medicine Lake an affordable place to start a franchise?
With a median income of $224,999, Medicine Lake presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Medicine Lake's income compare to other locations?
The median income of $224,999 in Medicine Lake is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Medicine Lake have a stable workforce to support my business?
Absolutely! With 101 employed individuals, Medicine Lake offers a solid labor force to support franchise growth.
Is Medicine Lake a growing economy?
With a workforce of 101 and a median household income of $224,999, Medicine Lake provides a stable economic environment for new business opportunities.
Does homeownership in Medicine Lake indicate a stable market?
Homeownership rates at 106 show a strong local investment in the community, which benefits long-term franchise success.
