Dining Out In Millwood

What is the potential market for businesses in Millwood?  What about all those cars driving down Argonne every day?

The US Census reports that the median average household income in Spokane County is $49,233.

There are approximately 35,000 - 40,000 cars per day traveling through Millwood on Argonne Rd.

National estimates for household spending show that approximately 5% of household income is spent on food eaten away from home ("dining out").

So, the 35,000 - 40,000 cars zipping through Millwood each day represent:

         $1,723,155,000 - $1,969,320,000 in household income per year

         5% of this household income for dining out  =  $86,157,750 -  $98,466,000 / year

                            - or

                $236,049 - 269,7708 per day!



(Note: Revised % of household income spent on dining out to show 2013 data from US Census)