Libraries and Archives Revenue Benchmarks

How much does the average libraries and archives business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$1.2M

per year

💰

Profit Margin

18.0%

industry average

📈

Revenue / Employee

$92K

per year

👤

Total Businesses

1,911

in the US

🏢

Est. Owner Income

$207K

small business avg

💵

Labor Cost

40.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

0.6

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$114K
5-9 employees
$389K
10-19 employees
$942K
20-99 employees
$3.2M
100-499 employees
$20.5M
500+ employees
$42.5M

🏆 Highest Revenue States

1.Idaho$5.8M avg2.South Carolina$5.0M avg3.Maryland$3.8M avg4.North Carolina$2.3M avg5.Colorado$2.2M avg6.Georgia$1.8M avg7.New York$1.7M avg8.Michigan$1.7M avg9.California$1.6M avg10.Kentucky$1.5M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

14.7%

openings/year

Closure Rate

10.09%

closings/year

Net Job Growth

+1.59%

annual

Businesses Closed

941

in 2023

Firm Count Trend

19
20
21
22
23
8,760 firms9,410 firms

💡 Should You Start a Libraries and Archives Business?

Startup Cost

$50K – $250K

Break-Even

9 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Motion Picture and Video Production$2.0MSoftware Publishers$31.2MData Processing, Hosting, and Related Services$18.9MInternet Publishing and Broadcasting and Web Search Portals$33.8MWireless Telecommunications Carriers (except Satellite)$9.0M

Compare Libraries and Archives revenue with other industries:

vs Motionvs Softwarevs Data