Laundromats · Grand Rapids, MI

Laundromats Market in
Grand Rapids, MI

$26M TAM · Market Score 45/100 · Ranked #60 of 925 MSAs by TAM

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

Total TAM
$26M
rank #60 of 925
Market Score
45/100
rank #556 of 925 · 40th percentile
Operators
27
144 employees
Pop. growth (5-yr)
11.8%
rank #104 of 872

Market Score breakdown

How Grand Rapids scored 45/100 for Laundromats

PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Grand Rapids ranks in the 40th percentile nationally for Laundromats.

ComponentWeightValuePercentile
Renter Households40%111,78093
Fragmentation Score35%41.114
% HH Income <$50K25%28.1812

TAM by segment

$26M in Grand Rapids broken down by segment

Laundromat Self Service
$17M
67% of total TAM
Laundromat Wash Dry Fold
$8M
33% of total TAM

Demographic snapshot

Who lives and buys in Grand Rapids

Population
1,162,152
11.8% 5-yr growth
Median HH income
$82,874
20.5% HHs $150K+
Housing units
467,528
15.8% age 65+
GDP per capita
$75,888

Frequently asked questions

Laundromats market in Grand Rapids: common questions

How big is the laundromats market in Grand Rapids, MI?

The laundromats market in Grand Rapids, MI has a total addressable market of $26M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Grand Rapids the #60 largest laundromats market of 925 U.S. MSAs.

How many laundromats companies are in Grand Rapids?

PinpointIQ tracks 27 laundromats establishments in the Grand Rapids MSA, employing approximately 144 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.

How does Grand Rapids rank nationally for laundromats?

Grand Rapids scores 45/100 on PinpointIQ's Laundromats Market Score, ranking #556 of 925 U.S. metros — the 40th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for laundromats operators and investors.

What drives laundromats demand in Grand Rapids?

PinpointIQ scores Grand Rapids's laundromats market on 3 components: Renter Households (40% weight, 93th percentile); Fragmentation Score (35% weight, 14th percentile); % HH Income <$50K (25% weight, 12th percentile). The weights are calibrated to the laundromats vertical and applied consistently across every U.S. MSA.

What are the biggest laundromats sub-segments in Grand Rapids?

Grand Rapids's $26M laundromats TAM breaks down into: Laundromat Self Service ($17M, 67% of TAM); Laundromat Wash Dry Fold ($8M, 33% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.

Is Grand Rapids growing? How does population affect the laundromats market?

Grand Rapids has a population of 1,162,152 and has grown 11.8% over the last 5 years. Population change is one of the drivers of laundromats 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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