Home Health Care Services Revenue Benchmarks

How much does the average home health care business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$3.9M

per year

💰

Profit Margin

13.0%

industry average

📈

Revenue / Employee

$68K

per year

👤

Total Businesses

27,433

in the US

🏢

Est. Owner Income

$509K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$40K

per year (BLS)

💼

Market Saturation

8.3

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$146K
5-9 employees
$435K
10-19 employees
$894K
20-99 employees
$2.7M
100-499 employees
$11.0M
500+ employees
$79.7M

🏆 Highest Revenue States

1.New York$18.3M avg2.Tennessee$8.4M avg3.Vermont$8.3M avg4.Alabama$7.9M avg5.Connecticut$7.0M avg6.Mississippi$7.0M avg7.Pennsylvania$6.6M avg8.New Jersey$6.5M avg9.West Virginia$6.4M avg10.Kentucky$6.2M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

13.79%

openings/year

Closure Rate

9.97%

closings/year

Net Job Growth

+5.67%

annual

Businesses Closed

2,501

in 2023

Firm Count Trend

19
20
21
22
23
21,840 firms25,764 firms

💡 Should You Start a Home Health Care Business?

Startup Cost

$75K – $300K

Break-Even

4 months

5-Year Survival Rate

70.0%

🆚 Related Industries

Offices of Physicians (except Mental Health Specialists)$3.7MOffices of Dentists$915KChild Day Care Services$750KOffices of Chiropractors$280KOffices of Mental Health Practitioners (except Physicians)$443K

Compare Home Health Care Services revenue with other industries:

vs Officesvs Officesvs Child