Commercial Banking in Michigan
Revenue benchmarks for commercial banking businesses operating in Michigan.
#17 of 50 states-46.8% vs national avg
Average Revenue
$63.3M
per year
Businesses
134
in Michigan
Revenue / Employee
$257K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
1.3
firms per 100K in MI
Total Revenue
$8.5B
all firms in MI
Total Employees
33,008
in MI
How Michigan Compares
National Average$119.0M
Michigan$63.3M
Difference$55.7M (-46.8%)