Insurance Agencies and Brokerages in Maryland
Revenue benchmarks for insurance agencies and brokerages businesses operating in Maryland.
#10 of 50 states+20.5% vs national avg
Average Revenue
$2.0M
per year
Businesses
1,819
in Maryland
Revenue / Employee
$280K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
29.4
firms per 100K in MD
Total Revenue
$3.7B
all firms in MD
Total Employees
13,200
in MD
How Maryland Compares
National Average$1.7M
Maryland$2.0M
Difference+$346K (+20.5%)