Musical Groups and Artists Revenue Benchmarks

How much does the average musical groups and artists business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$760K

per year

💰

Profit Margin

12.0%

industry average

📈

Revenue / Employee

$159K

per year

👤

Total Businesses

5,219

in the US

🏢

Est. Owner Income

$91K

small business avg

💵

Labor Cost

40.0%

of revenue

👥

Avg Employee Wage

$101K

per year (BLS)

💼

Market Saturation

1.6

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$232K
5-9 employees
$947K
10-19 employees
$2.3M
20-99 employees
$4.7M
100-499 employees
$26.6M
500+ employees
$35.9M

🏆 Highest Revenue States

1.Ohio$2.1M avg2.Michigan$1.5M avg3.Tennessee$1.4M avg4.Massachusetts$1.2M avg5.Pennsylvania$1.0M avg6.Maryland$1.0M avg7.Missouri$1.0M avg8.Georgia$869K avg9.Texas$792K avg10.Indiana$749K avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

15.07%

openings/year

Closure Rate

9.25%

closings/year

Net Job Growth

+7.58%

annual

Businesses Closed

653

in 2023

Firm Count Trend

19
20
21
22
23
7,619 firms8,560 firms

💡 Should You Start a Musical Groups and Artists Business?

Startup Cost

$50K – $250K

Break-Even

20 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$2.9MMuseums$1.6M

Compare Musical Groups and Artists revenue with other industries:

vs Independentvs Fitnessvs All