Consumer Lending in Michigan
Revenue benchmarks for consumer lending businesses operating in Michigan.
#15 of 50 states-3.1% vs national avg
Average Revenue
$9.6M
per year
Businesses
16
in Michigan
Revenue / Employee
$280K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
0.2
firms per 100K in MI
Total Revenue
$152.9M
all firms in MI
Total Employees
546
in MI
How Michigan Compares
National Average$9.9M
Michigan$9.6M
Difference$302K (-3.1%)