Small Business in Magna

The city's median age is 33, and the average household size is 3.32, indicating a mix of young professionals, families, and retirees contributing to local economic activity. The median household income stands at $87,516, reflecting the community’s purchasing power and potential demand for various services. Magna supports a diverse small business ecosystem, this particular report covers 26 home service industries, with 4168 operating businesses.

Industries overview
Number of companies by home service industry in Magna
New websites
368
+27.34%
in 2024 compared to 2023
Total websites
2,895
+14.82% (+368)
increase from 2023 to 2024
New franchise locations
New home service franchise locations in Magna
Profile Launched