Assisted Living Facilities for the Elderly in Michigan
Revenue benchmarks for assisted living facilities for the elderly businesses operating in Michigan.
#35 of 50 states-20.2% vs national avg
Average Revenue
$1.6M
per year
Businesses
647
in Michigan
Revenue / Employee
$53K
per year
Labor Cost
50.0%
of revenue
Profit Margin
13.0%
industry average
Market Saturation
6.4
firms per 100K in MI
Total Revenue
$1.0B
all firms in MI
Total Employees
19,077
in MI
How Michigan Compares
National Average$1.9M
Michigan$1.6M
Difference$394K (-20.2%)