Musical Groups and Artists in Minnesota
Revenue benchmarks for musical groups and artists businesses operating in Minnesota.
#13 of 50 states-3.4% vs national avg
Average Revenue
$734K
per year
Businesses
105
in Minnesota
Revenue / Employee
$132K
per year
Labor Cost
40.0%
of revenue
Profit Margin
12.0%
industry average
Market Saturation
1.8
firms per 100K in MN
Total Revenue
$77.1M
all firms in MN
Total Employees
584
in MN
How Minnesota Compares
National Average$760K
Minnesota$734K
Difference$26K (-3.4%)