Address
City: Detroit
Neighborhood: Buffalo Charles
State: Michigan
Postal Code: 48212
Country: United States
Business facts
Estimated annual revenue~$392.3K
Estimated employees~5
In business since2023 (est.)
Estimate based on moderate signals
Area statistics (48212)
Population43,213
Median household income$37,309
Source: US Census ACS
About
Rix library is located in Detroit, Michigan. This business is working in the following industry: Library and archives activities.
Market analysis
Earning above its category median in a growing category (Library and archives activities).
EstimateCategory trend: 2024, +9.5%
Revenue trend (modeled)
~$306.5K2019
~$450.1K2020
~$772.8K2021
~$345.3K2022
~$356.8K2023
~$392.3K2024
Modeled from category averages for the region+5.1%/yr since 201980% confidence band: ±59%
Property
Lot size0.94 acres
Land use201
ZoningR3
CountyWayne
Parcel ownerCITY OF DETROIT-LIBRARY COMM J-13
On this lotshared with 1 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Library and archives activities in Michigan | 969 | ~$495.0M | ~$514.6K | ~$331.7K | 4.8★ | 1.2× |
Category revenue trend2024: +9.5%2023: +3.3%2022: -80.6%2021: +23.8%Modeled from business-level estimates
Chain pressure12 chains expanding in this category, led by Little Free Library, Little Free Library, Dundee Library (+207 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 119 | ~$265.3M | ~$2.2M | ~$428.5K | 687 | ~$53.9M | 0.9× |
| Arts, entertainment and recreation | 7 | ~$3.2M | ~$463.3K | — | 20 | — | — |
1 km area (all businesses): median from the 86 of 119 businesses with estimates
Estimate
Area conditions (48212)
Population43,213 ±1,347
Median household income$37,309 ±$3,736
Median home value$88,800
Bachelor's degree or higher0.2%
Unemployment rate0.1%
Source: US Census ACS