Talk of The Villages Florida - View Single Post - High end chain restaurant
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Old 05-04-2014, 02:19 PM
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Quote:
Originally Posted by manaboutown View Post
According to the US Census median household income in The Villages between 2008 and 2012 was just north of $53,000 per annum. Perhaps many of the Baby Boomers moving in have incomes of $100,000/yr - check out the prices of the homes now being built by the developer - but most residents probably do not. The Villages CDP QuickFacts from the US Census Bureau

If the demographics were there, e.g., high end expense accounts and big spenders, The Villages might have some high end restaurants.
A $53,000 median household income means that half of the households make more than $53,000 and half make less (the median is the middle value in a list of numbers). There would need to be some pretty substantial numbers in the top half for enough demand for a high end restaurant. Because basically there is no market nearby. No tourist dollars, no conventioneers, no big dollar communities. I sure would like a couple though, chain or boutique.