Locksmiths in Michigan
Revenue benchmarks for locksmiths businesses operating in Michigan.
#41 of 50 states-37.5% vs national avg
Average Revenue
$214K
per year
Businesses
82
in Michigan
Revenue / Employee
$76K
per year
Labor Cost
55.0%
of revenue
Profit Margin
8.0%
industry average
Market Saturation
0.8
firms per 100K in MI
Total Revenue
$17.6M
all firms in MI
Total Employees
230
in MI
How Michigan Compares
National Average$342K
Michigan$214K
Difference$128K (-37.5%)