Michigan Market Intelligence Report (2025)

Top Businesses to Start in Michigan (2025)

We analyzed 260K+ verified business records to help you separate the hype from the hard numbers.

Top 5 Opportunities

FASTEST GROWTH SECTOR

Mobile Food Services

Growth: +175.0% • Saturation: 0.78 LQ

HIGH DEMAND SIGNAL

Nail Salons

Growth: +166.7% • Saturation: 0.24 LQ

LOW COMPETITION GAP

Residential Property Managers

Growth: +150.0% • Saturation: 0.49 LQ

HIGH DEMAND SIGNAL

Administrative Management and General Management Consulting Services

Growth: +128.6% • Saturation: 0.43 LQ

LOW COMPETITION GAP

Offices of All Other Miscellaneous Health Practitioners

Growth: +121.4% • Saturation: 0.50 LQ

Census Records

Official Source

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10+ Est. Minimum

100% Objective

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Validate Your Idea Locally

SELECT METRO AREA

Detroit-Warren-Dearborn

#1 VOL

The state's largest economic engine.

Population

4.4M

Active Biz

145K

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Fastest Growth

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Common Questions

What is the fastest growing business in Michigan?+

Currently, the Mobile Food Services sector is leading the state with a +175.0% 5-year growth rate across multiple metro markets.

What is the most profitable solo business?+

Based on Non-Employer Statistics, solo founders in the Boat Dealers sector report the highest average annual receipts at $362k.

What does the data say about Michigan's economy?+

The state is home to 260K active establishments across 16 major metro areas. The market shows strong growth in emerging sectors with opportunities in high-demand, low-saturation niches.