Apprenticeship Training in Michigan
Revenue benchmarks for apprenticeship training businesses operating in Michigan.
#24 of 50 states-32.2% vs national avg
Average Revenue
$693K
per year
Businesses
32
in Michigan
Revenue / Employee
$101K
per year
Labor Cost
55.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.3
firms per 100K in MI
Total Revenue
$22.2M
all firms in MI
Total Employees
220
in MI
How Michigan Compares
National Average$1.0M
Michigan$693K
Difference$329K (-32.2%)