Collection Agencies in Michigan
Revenue benchmarks for collection agencies businesses operating in Michigan.
#34 of 50 states-53.3% vs national avg
Average Revenue
$1.7M
per year
Businesses
65
in Michigan
Revenue / Employee
$81K
per year
Labor Cost
55.0%
of revenue
Profit Margin
8.0%
industry average
Market Saturation
0.6
firms per 100K in MI
Total Revenue
$110.3M
all firms in MI
Total Employees
1,361
in MI
How Michigan Compares
National Average$3.6M
Michigan$1.7M
Difference$1.9M (-53.3%)