Human Resources Consulting Services Revenue Benchmarks

How much does the average human resources consulting business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$3.5M

per year

💰

Profit Margin

22.0%

industry average

📈

Revenue / Employee

$170K

per year

👤

Total Businesses

7,259

in the US

🏢

Est. Owner Income

$759K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$109K

per year (BLS)

💼

Market Saturation

2.2

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$221K
5-9 employees
$964K
10-19 employees
$2.3M
20-99 employees
$7.5M
100-499 employees
$25.5M
500+ employees
$141.3M

🏆 Highest Revenue States

1.Illinois$9.6M avg2.West Virginia$7.3M avg3.Connecticut$7.0M avg4.Iowa$6.9M avg5.Wisconsin$4.4M avg6.North Dakota$4.4M avg7.New Jersey$4.2M avg8.Michigan$4.1M avg9.Massachusetts$3.8M avg10.South Carolina$3.8M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

19.09%

openings/year

Closure Rate

14.74%

closings/year

Net Job Growth

+4.04%

annual

Businesses Closed

21,311

in 2023

Firm Count Trend

19
20
21
22
23
134,017 firms162,559 firms

💡 Should You Start a Human Resources Consulting Business?

Startup Cost

$10K – $75K

Break-Even

1 months

5-Year Survival Rate

60.0%

🆚 Related Industries

Offices of Lawyers$1.5MAdministrative Management and General Management Consulting Services$1.9MCustom Computer Programming Services$3.9MOffices of Certified Public Accountants$1.9MComputer Systems Design Services$4.2M

Compare Human Resources Consulting Services revenue with other industries:

vs Officesvs Administrativevs Custom