Offices of Optometrists in Michigan
Revenue benchmarks for offices of optometrists businesses operating in Michigan.
#11 of 50 states+33.5% vs national avg
Average Revenue
$922K
per year
Businesses
482
in Michigan
Revenue / Employee
$96K
per year
Labor Cost
50.0%
of revenue
Profit Margin
13.0%
industry average
Market Saturation
4.8
firms per 100K in MI
Total Revenue
$444.5M
all firms in MI
Total Employees
4,654
in MI
How Michigan Compares
National Average$691K
Michigan$922K
Difference+$231K (+33.5%)