Businesses for Sale | Suffolk, Virginia
Discover business opportunities, in or around Suffolk, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Suffolk, located in The Old Dominion had a total population of 101,192 people.
City Statistics and Other Information About Suffolk
Demographics
From a total population of 101,192, Suffolk has a median age of 37. The average age of males, in Suffolk, is 36 while the average age of females is 38. When you compare the median age of men and women in Suffolk, there is an average difference of 2.1 years.
Income
The median income of individuals, in Suffolk, is $49,859 while the average household income is $92,052. In 2029, the average income per capita for Suffolk is expected to be $49,859.
Additional Information
23432 - 23439Suffolk (City)
Is Suffolk the Best Location for Franchise Opportunities and Growth?
What is the average income in Suffolk?
The median household income in Suffolk is $92,052, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Suffolk an affordable place to start a franchise?
With a median income of $92,052, Suffolk presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Suffolk's income compare to other locations?
The median income of $92,052 in Suffolk is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Suffolk have a stable workforce to support my business?
Absolutely! With 24,749 employed individuals, Suffolk offers a solid labor force to support franchise growth.
Is Suffolk a growing economy?
With a workforce of 24,749 and a median household income of $92,052, Suffolk provides a stable economic environment for new business opportunities.
Does homeownership in Suffolk indicate a stable market?
Homeownership rates at 26,404 show a strong local investment in the community, which benefits long-term franchise success.
