Downtown Farmington represents a great opportunity for your new business. The expenditure potential in the trade area is substantial, according to the 2006 Market Analysis, conducted on behalf of the DDA by the Strategic Edge. The primary trade area – comprised of zip codes 48335 and 48336 – extends north to Eleven Mile, west to Haggerty Road, south to Eight Mile and east to Inkster Road. Estimates of retail trade and food and drinking spending potential in the trade area are nearly $800,000,000.
The following data reflects figures obtained from the 2000 U.S. Census, obtained through the Southeast Michigan Council of Governments (SEMCOG) and ESRI.
| |
City of Farmington
|
Primary Trade Area
|
| Population |
10,423 |
60,149 |
| Households |
4,825 |
22,132 |
Median Household Income
|
$56,442 |
$57,066 |
Median Age
|
43.3 |
37.2 |
Median Home Value
|
$173,900 |
$179,090 |
Adult Population
|
6,203 (ages 18-64)
|
28,334 (ages 25-64)
|
% Population with College Degree
|
53.5 |
48.4 |