Springfield, IL

Business Ideas & Market Opportunities

The Springfield market is currently outpacing the national growth rate. Our analysis identifies 25 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

6,151

Total Competition Pool

Market Size

207K

Total Metro Population

5-Year Growth Rate

+4.4%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

68

Niches with LQ < 0.8

Analyst Tip

Viewing all opportunities. Use the View Mode toggle above to filter by business model, or search to find specific niches.

Showing 20 of 138 opportunities

Marketing Consulting Services

Growth
+400.0%
Scale
$177K PAY
Saturation
0.46
15 establishments

Other Activities Related to Real Estate

Growth
+200.0%
Scale
$73K PAY
Saturation
0.85
12 establishments

Offices of Mental Health Practitioners (except Physicians)

Growth
+183.3%
Scale
$299K PAY
Saturation
0.59
17 establishments

Other Services to Buildings and Dwellings

Growth
+175.0%
Scale
$124K PAY
Saturation
1.00
11 establishments

Other Management Consulting Services

Growth
+133.3%
Scale
$131K PAY
Saturation
1.58
14 establishments

Temporary Help Services

Growth
+109.1%
Scale
$786K PAY
Saturation
2.20
46 establishments

Other Gasoline Stations

Growth
+100.0%
Scale
$450K PAY
Saturation
1.42
10 establishments

Other Computer Related Services

Growth
+100.0%
Scale
$337K PAY
Saturation
1.29
10 establishments

All Other Personal Services

Growth
+70.0%
Scale
$57K PAY
Saturation
1.12
17 establishments

Tobacco Stores

Growth
+69.2%
Scale
$96K PAY
Saturation
1.75
22 establishments

Offices of All Other Miscellaneous Health Practitioners

Growth
+66.7%
Scale
$4426.0M REV
Saturation
0.45
104 establishments

All Other Health and Personal Care Stores

Growth
+57.1%
Scale
$396K PAY
Saturation
1.86
11 establishments

Nail Salons

Growth
+50.0%
Scale
$14803.0M REV
Saturation
0.42
253 establishments

Electronic Shopping and Mail-Order Houses

Growth
+50.0%
Scale
$214K PAY
Saturation
0.80
27 establishments

Offices of Physical, Occupational and Speech Therapists, and Audiologists

Growth
+50.0%
Scale
$593K PAY
Saturation
0.76
24 establishments

Pet Care (except Veterinary) Services

Growth
+46.2%
Scale
$68K PAY
Saturation
1.23
19 establishments

Other Gambling Industries

Growth
+45.0%
Scale
$534K PAY
Saturation
17.54
29 establishments

Independent Artists, Writers, and Performers

Growth
+42.9%
Scale
$77K PAY
Saturation
0.42
10 establishments

Snack and Nonalcoholic Beverage Bars

Growth
+41.9%
Scale
$226K PAY
Saturation
0.84
54 establishments

Nursing Care Facilities (Skilled Nursing Facilities)

Growth
+40.0%
Scale
$2.4M PAY
Saturation
1.37
14 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Springfield:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?