Funeral Services · Detroit, MI

Funeral Services Market in
Detroit, MI

$434M TAM · Market Score 32/100 · Ranked #12 of 925 MSAs by TAM

Bottom-up market data for the Detroit, MI MSA. Sourced from PinpointIQ's MSA-level intelligence platform.

Total TAM
$434M
rank #12 of 925
Market Score
32/100
rank #644 of 925 · 30th percentile
Operators
Pop. growth (5-yr)
1.7%
rank #438 of 872

Market Score breakdown

How Detroit scored 32/100 for Funeral Services

PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Detroit ranks in the 30th percentile nationally for Funeral Services.

ComponentWeightValuePercentile
% Population 65+40%17.7940
Death Rate35%9.6346
Fragmentation Score25%00

TAM by segment

$434M in Detroit broken down by segment

Funeral Default
$434M
100% of total TAM

Demographic snapshot

Who lives and buys in Detroit

Population
4,376,828
1.7% 5-yr growth
Median HH income
$76,664
21.0% HHs $150K+
Housing units
1,926,157
17.8% age 65+
GDP per capita
$79,519

Frequently asked questions

Funeral Services market in Detroit: common questions

How big is the funeral services market in Detroit, MI?

The funeral services market in Detroit, MI has a total addressable market of $434M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Detroit the #12 largest funeral services market of 925 U.S. MSAs.

How does Detroit rank nationally for funeral services?

Detroit scores 32/100 on PinpointIQ's Funeral Services Market Score, ranking #644 of 925 U.S. metros — the 30th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for funeral services operators and investors.

What drives funeral services demand in Detroit?

PinpointIQ scores Detroit's funeral services market on 3 components: % Population 65+ (40% weight, 40th percentile); Death Rate (35% weight, 46th percentile); Fragmentation Score (25% weight, 0th percentile). The weights are calibrated to the funeral services vertical and applied consistently across every U.S. MSA.

What are the biggest funeral services sub-segments in Detroit?

Detroit's $434M funeral services TAM breaks down into: Funeral Default ($434M, 100% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.

Is Detroit growing? How does population affect the funeral services market?

Detroit has a population of 4,376,828 and has grown 1.7% over the last 5 years. Population change is one of the drivers of funeral services demand and factors into PinpointIQ's Market Score alongside vertical-specific attractiveness metrics.

TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.

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