Medical Laboratories in Michigan
Revenue benchmarks for medical laboratories businesses operating in Michigan.
#25 of 50 states-22.1% vs national avg
Average Revenue
$6.0M
per year
Businesses
105
in Michigan
Revenue / Employee
$123K
per year
Labor Cost
50.0%
of revenue
Profit Margin
13.0%
industry average
Market Saturation
1.0
firms per 100K in MI
Total Revenue
$632.7M
all firms in MI
Total Employees
5,137
in MI
How Michigan Compares
National Average$7.7M
Michigan$6.0M
Difference$1.7M (-22.1%)