Businesses for Sale | Spartanburg, South Carolina
Discover business opportunities, in or around Spartanburg, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Spartanburg, located in The Palmetto State had a total population of 41,254 people.
City Statistics and Other Information About Spartanburg
Demographics
From a total population of 41,254, Spartanburg has a median age of 34. The average age of males, in Spartanburg, is 31 while the average age of females is 37. When you compare the median age of men and women in Spartanburg, there is an average difference of 6.08 years.
Income
The median income of individuals, in Spartanburg, is $36,077 while the average household income is $52,073. In 2029, the average income per capita for Spartanburg is expected to be $36,077.
Additional Information
29301 - 29319Spartanburg County
Is Spartanburg the Best Location for Franchise Opportunities and Growth?
What is the average income in Spartanburg?
The median household income in Spartanburg is $52,073, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Spartanburg an affordable place to start a franchise?
With a median income of $52,073, Spartanburg presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Spartanburg's income compare to other locations?
The median income of $52,073 in Spartanburg is below the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Spartanburg have a stable workforce to support my business?
Absolutely! With 10,296 employed individuals, Spartanburg offers a solid labor force to support franchise growth.
Is Spartanburg a growing economy?
With a workforce of 10,296 and a median household income of $52,073, Spartanburg provides an emerging economic environment for new business opportunities.
Does homeownership in Spartanburg indicate a stable market?
Homeownership rates at 7,899 show a strong local investment in the community, which benefits long-term franchise success.
