Electrical Contractors and Other Wiring Installation Contractors in Michigan
Revenue benchmarks for electrical contractors and other wiring installation contractors businesses operating in Michigan.
#15 of 50 states+6.2% vs national avg
Average Revenue
$2.9M
per year
Businesses
1,844
in Michigan
Revenue / Employee
$231K
per year
Labor Cost
30.0%
of revenue
Profit Margin
7.0%
industry average
Market Saturation
18.3
firms per 100K in MI
Total Revenue
$5.3B
all firms in MI
Total Employees
22,856
in MI
How Michigan Compares
National Average$2.7M
Michigan$2.9M
Difference+$167K (+6.2%)