Insurance Agencies and Brokerages in Massachusetts
Revenue benchmarks for insurance agencies and brokerages businesses operating in Massachusetts.
#1 of 50 states+91.3% vs national avg
Average Revenue
$3.2M
per year
Businesses
1,860
in Massachusetts
Revenue / Employee
$332K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
26.5
firms per 100K in MA
Total Revenue
$6.0B
all firms in MA
Total Employees
18,077
in MA
How Massachusetts Compares
National Average$1.7M
Massachusetts$3.2M
Difference+$1.5M (+91.3%)