Offices of Physicians, Mental Health Specialists in Michigan
Revenue benchmarks for offices of physicians, mental health specialists businesses operating in Michigan.
#33 of 50 states-19.1% vs national avg
Average Revenue
$523K
per year
Businesses
292
in Michigan
Revenue / Employee
$134K
per year
Labor Cost
50.0%
of revenue
Profit Margin
13.0%
industry average
Market Saturation
2.9
firms per 100K in MI
Total Revenue
$152.7M
all firms in MI
Total Employees
1,135
in MI
How Michigan Compares
National Average$646K
Michigan$523K
Difference$123K (-19.1%)