Restaurant Industry - Altoona Now!
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MART MOVE:
OPENING A RESTAURANT IN ALTOONA, IOWA

With an ideal location (just minutes east of Des Moines), ideal consumers, and ideal
properties—Altoona is one of the best places to open a restaurant in Central Iowa.

Here, you'll find the infrastructure, workforce, and business-friendly leadership you
need to take your restaurant business to new heights.

Industry GDP
visitors come to Altoona each year
Employees
residents (and counting)
Annual growth rate
population increase since 2015
Annual growth rate
of residents are 18–64 years old

A GROWING COMMUNITY JUST 10 MINUTES EAST OF DES MOINES CONVENIENT ACCESS TO MAJOR TRANSPORTATION ROUTES

Industry GDP
Employees
Annual growth rate
Annual growth rate
Annual growth rate

ENGAGED RESIDENTS & VISITORS WHO SPEND BIG ON DINING & ENTERTAINMENT

STEADY POPULATION GROWTH

72%

of Altoona households have dined out in the last 6 months
STEADY POPULATION GROWTH

$35M

spent by residents dining out in 2022
PLENTY OF COMMERCIAL REAL ESTATE

$43M

projected annual resident restaurant spending by 2027
STEADY POPULATION GROWTH

$677M

total retail spending in 2021 (among residents and visitors)
STEADY POPULATION GROWTH

$34K

retail sales per capita (2nd highest among peer cities)

A THRIVING, DIVERSE MARKET PRIMED FOR EXPANSION

ALTOONA BY THE NUMBERS 2022

1 Mile 3 Miles 5 Miles

10,447

Population

25,577

Population

60,186

Population

3,989

Households

9,868

Households

22,820

Households

$105,592

Avg. Household
Income

$108,259

Avg. Household
Income

$96,562

Avg. Household
Income

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GET MORE INFORMATION

To learn more about healthcare opportunities in our business-friendly community, please Contact Chad Quick,
Economic Development Director for the City of Altoona.

Chad Quick | Economic Development Director, City of Altoona
(515) 957-5117 | cquick@altoona-iowa.com