Industrial Design Services in Michigan
Revenue benchmarks for industrial design services businesses operating in Michigan.
#3 of 50 states+213.5% vs national avg
Average Revenue
$5.0M
per year
Businesses
74
in Michigan
Revenue / Employee
$222K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
0.7
firms per 100K in MI
Total Revenue
$372.6M
all firms in MI
Total Employees
1,676
in MI
How Michigan Compares
National Average$1.6M
Michigan$5.0M
Difference+$3.4M (+213.5%)