Offices of Physicians (except Mental Health Specialists) Revenue Benchmarks

How much does the average offices of physicians (except mental health specialists) business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$3.7M

per year

💰

Profit Margin

13.0%

industry average

📈

Revenue / Employee

$200K

per year

👤

Total Businesses

137,659

in the US

🏢

Est. Owner Income

$480K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$108K

per year (BLS)

💼

Market Saturation

41.5

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$349K
5-9 employees
$925K
10-19 employees
$2.1M
20-99 employees
$7.4M
100-499 employees
$34.8M
500+ employees
$263.7M

🏆 Highest Revenue States

1.Minnesota$13.4M avg2.Wisconsin$11.1M avg3.North Dakota$9.6M avg4.Indiana$8.7M avg5.Pennsylvania$8.1M avg6.Ohio$8.1M avg7.South Dakota$7.9M avg8.Iowa$7.7M avg9.New Hampshire$7.4M avg10.Maine$7.3M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

10.51%

openings/year

Closure Rate

7.79%

closings/year

Net Job Growth

+6.06%

annual

Businesses Closed

10,707

in 2023

Firm Count Trend

19
20
21
22
23
150,363 firms128,948 firms

💡 Should You Start a Offices of Physicians Business?

Startup Cost

$100K – $500K

Break-Even

7 months

5-Year Survival Rate

80.0%

🆚 Related Industries

Offices of Dentists$915KChild Day Care Services$750KOffices of Chiropractors$280KOffices of Mental Health Practitioners (except Physicians)$443KServices for the Elderly and Persons with Disabilities$1.9M

Compare Offices of Physicians (except Mental Health Specialists) revenue with other industries:

vs Officesvs Childvs Offices