Spa & Med Spa Market in
Minneapolis, MN
$288M TAM · Market Score 97/100 · Ranked #16 of 925 MSAs by TAM
Bottom-up market data for the Minneapolis, MN MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Minneapolis scored 97/100 for Spa & Med Spa
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Minneapolis ranks in the 99th percentile nationally for Spa & Med Spa.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| % HH Income >$150K | 45% | 29.81 | 96 |
| Population 50-64 | 30% | 698,698 | 98 |
| Median HH Income | 25% | 99,833 | 96 |
TAM by segment
$288M in Minneapolis broken down by segment
Demographic snapshot
Who lives and buys in Minneapolis
Frequently asked questions
Spa & Med Spa market in Minneapolis: common questions
How big is the spa & med spa market in Minneapolis, MN?
The spa & med spa market in Minneapolis, MN has a total addressable market of $288M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Minneapolis the #16 largest spa & med spa market of 925 U.S. MSAs.
How does Minneapolis rank nationally for spa & med spa?
Minneapolis scores 97/100 on PinpointIQ's Spa & Med Spa Market Score, ranking #13 of 925 U.S. metros — the 99th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for spa & med spa operators and investors.
What drives spa & med spa demand in Minneapolis?
PinpointIQ scores Minneapolis's spa & med spa market on 3 components: % HH Income >$150K (45% weight, 96th percentile); Population 50-64 (30% weight, 98th percentile); Median HH Income (25% weight, 96th percentile). The weights are calibrated to the spa & med spa vertical and applied consistently across every U.S. MSA.
What are the biggest spa & med spa sub-segments in Minneapolis?
Minneapolis's $288M spa & med spa TAM breaks down into: Medspa_spa Recurring ($288M, 100% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Minneapolis growing? How does population affect the spa & med spa market?
Minneapolis has a population of 3,713,668 and has grown 5.3% over the last 5 years. Population change is one of the drivers of spa & med spa 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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