Claims Adjusting in Michigan
Revenue benchmarks for claims adjusting businesses operating in Michigan.
#13 of 50 states-14.7% vs national avg
Average Revenue
$2.4M
per year
Businesses
60
in Michigan
Revenue / Employee
$268K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
0.6
firms per 100K in MI
Total Revenue
$145.1M
all firms in MI
Total Employees
542
in MI
How Michigan Compares
National Average$2.8M
Michigan$2.4M
Difference$417K (-14.7%)