Musical Instrument Manufacturing in Minnesota
Revenue benchmarks for musical instrument manufacturing businesses operating in Minnesota.
#2 of 50 states+175.3% vs national avg
Average Revenue
$13.2M
per year
Businesses
13
in Minnesota
Revenue / Employee
$272K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.2
firms per 100K in MN
Total Revenue
$172.1M
all firms in MN
Total Employees
633
in MN
How Minnesota Compares
National Average$4.8M
Minnesota$13.2M
Difference+$8.4M (+175.3%)