Element Construct
Hill Ave, Spirit Lake, IA 51360
Spirit Lake, Iowa, United States
Address
City: Spirit Lake
State: Iowa
Postal Code: 51360
Country: United States
Business facts
Estimated annual revenue~$950.4K
Estimated employees~4
Estimated wage bill~$172.6K
Estimate based on moderate signals
Area statistics (51360)
Population8,533
Median household income$74,375
Source: US Census ACS
About
Element Construct offers a wide range of design and development services, including web design, applications, logos, business cards, advertising, and e-commerce solutions. Their expertise extends to various industries and they are committed to delivering high-quality solutions for businesses.
Market analysis
Earning above its category median in a growing category (General contractors).
EstimateCategory trend: 2024, +6.7%
Revenue trend (modeled)
~$683.4K2019
~$687.0K2020
~$737.6K2021
~$821.1K2022
~$889.1K2023
~$950.4K2024
Modeled from category averages for the region+6.8%/yr since 201980% confidence band: ±59%
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| General contractors in Iowa | 1,433 | ~$6.3B | ~$4.4M | ~$806.9K | 5.0★ | 1.2× |
Category revenue trend2024: +6.7%2023: +8.0%2022: +10.7%2021: +7.1%Modeled from business-level estimates
Chain pressure21 chains expanding in this category, led by Waterford Pointe, ServiceMaster by Rice, Wausau Homes Monona (+83 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) | 235 | ~$157.8M | ~$671.5K | ~$303.4K | 1,014 | ~$67.3M | 3.1× |
| Professional, scientific and technical activities | 27 | ~$19.5M | ~$723.8K | — | 96 | — | — |
| Construction | 14 | ~$11.0M | ~$785.1K | — | 47 | — | — |
1 km area (all businesses): median from the 184 of 235 businesses with estimates
Estimate
Area conditions (51360)
Population8,533 ±363
Median household income$74,375 ±$8,499
Median home value$239,300
Bachelor's degree or higher0.4%
Unemployment rate0.0%
Source: US Census ACS