Insurance Agencies and Brokerages in New Mexico
Revenue benchmarks for insurance agencies and brokerages businesses operating in New Mexico.
#45 of 50 states-49.9% vs national avg
Average Revenue
$845K
per year
Businesses
699
in New Mexico
Revenue / Employee
$186K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
33.0
firms per 100K in NM
Total Revenue
$590.6M
all firms in NM
Total Employees
3,172
in NM
How New Mexico Compares
National Average$1.7M
New Mexico$845K
Difference$841K (-49.9%)