Insurance Agencies and Brokerages in Minnesota
Revenue benchmarks for insurance agencies and brokerages businesses operating in Minnesota.
#24 of 50 states-15.5% vs national avg
Average Revenue
$1.4M
per year
Businesses
2,975
in Minnesota
Revenue / Employee
$270K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
52.1
firms per 100K in MN
Total Revenue
$4.2B
all firms in MN
Total Employees
15,716
in MN
How Minnesota Compares
National Average$1.7M
Minnesota$1.4M
Difference$262K (-15.5%)