Museums Revenue Benchmarks

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

Average Revenue

$1.6M

per year

💰

Profit Margin

12.0%

industry average

📈

Revenue / Employee

$119K

per year

👤

Total Businesses

5,150

in the US

🏢

Est. Owner Income

$195K

small business avg

💵

Labor Cost

40.0%

of revenue

👥

Avg Employee Wage

$49K

per year (BLS)

💼

Market Saturation

1.6

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$151K
5-9 employees
$535K
10-19 employees
$1.3M
20-99 employees
$4.5M
100-499 employees
$21.7M
500+ employees
$65.3M

🏆 Highest Revenue States

1.New York$3.9M avg2.Hawaii$3.3M avg3.California$2.5M avg4.Massachusetts$2.3M avg5.Delaware$2.3M avg6.Illinois$2.0M avg7.Virginia$1.8M avg8.Pennsylvania$1.7M avg9.Ohio$1.7M avg10.Maryland$1.6M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

5.3%

openings/year

Closure Rate

4.98%

closings/year

Net Job Growth

+7.44%

annual

Businesses Closed

293

in 2023

Firm Count Trend

19
20
21
22
23
6,808 firms7,106 firms

💡 Should You Start a Museums Business?

Startup Cost

$50K – $250K

Break-Even

9 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Independent Artists, Writers, and Performers$695KFitness and Recreational Sports Centers$785KAll Other Amusement and Recreation Industries$534KGolf Courses and Country Clubs$2.9MMusical Groups and Artists$760K

Compare Museums revenue with other industries:

vs Independentvs Fitnessvs All