Medical Laboratories in Minnesota
Revenue benchmarks for medical laboratories businesses operating in Minnesota.
#26 of 50 states-22.5% vs national avg
Average Revenue
$6.0M
per year
Businesses
34
in Minnesota
Revenue / Employee
$146K
per year
Labor Cost
50.0%
of revenue
Profit Margin
13.0%
industry average
Market Saturation
0.6
firms per 100K in MN
Total Revenue
$203.8M
all firms in MN
Total Employees
1,392
in MN
How Minnesota Compares
National Average$7.7M
Minnesota$6.0M
Difference$1.7M (-22.5%)