Musical Groups and Artists in New Mexico
Revenue benchmarks for musical groups and artists businesses operating in New Mexico.
#35 of 50 states-40.6% vs national avg
Average Revenue
$452K
per year
Businesses
23
in New Mexico
Revenue / Employee
$53K
per year
Labor Cost
40.0%
of revenue
Profit Margin
12.0%
industry average
Market Saturation
1.1
firms per 100K in NM
Total Revenue
$10.4M
all firms in NM
Total Employees
196
in NM
How New Mexico Compares
National Average$760K
New Mexico$452K
Difference$309K (-40.6%)