Insurance Agencies and Brokerages in Rhode Island
Revenue benchmarks for insurance agencies and brokerages businesses operating in Rhode Island.
#7 of 50 states+33.1% vs national avg
Average Revenue
$2.2M
per year
Businesses
320
in Rhode Island
Revenue / Employee
$296K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
29.2
firms per 100K in RI
Total Revenue
$718.1M
all firms in RI
Total Employees
2,426
in RI
How Rhode Island Compares
National Average$1.7M
Rhode Island$2.2M
Difference+$558K (+33.1%)