Libraries and Archives in Michigan
Revenue benchmarks for libraries and archives businesses operating in Michigan.
#8 of 50 states+51.1% vs national avg
Average Revenue
$1.7M
per year
Businesses
38
in Michigan
Revenue / Employee
$128K
per year
Labor Cost
40.0%
of revenue
Profit Margin
18.0%
industry average
Market Saturation
0.4
firms per 100K in MI
Total Revenue
$66.2M
all firms in MI
Total Employees
518
in MI
How Michigan Compares
National Average$1.2M
Michigan$1.7M
Difference+$589K (+51.1%)