Musical Instrument Manufacturing in Michigan
Revenue benchmarks for musical instrument manufacturing businesses operating in Michigan.
#21 of 50 states-67.3% vs national avg
Average Revenue
$1.6M
per year
Businesses
15
in Michigan
Revenue / Employee
$203K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.1
firms per 100K in MI
Total Revenue
$23.5M
all firms in MI
Total Employees
116
in MI
How Michigan Compares
National Average$4.8M
Michigan$1.6M
Difference$3.2M (-67.3%)