Beauty Salons in Michigan
Revenue benchmarks for beauty salons businesses operating in Michigan.
#25 of 50 states+4.7% vs national avg
Average Revenue
$418K
per year
Businesses
1,803
in Michigan
Revenue / Employee
$66K
per year
Labor Cost
38.0%
of revenue
Profit Margin
8.0%
industry average
Market Saturation
17.9
firms per 100K in MI
Total Revenue
$754.0M
all firms in MI
Total Employees
11,470
in MI
How Michigan Compares
National Average$399K
Michigan$418K
Difference+$19K (+4.7%)