Offices of Physicians (except Mental Health Specialists) in Michigan
Revenue benchmarks for offices of physicians (except mental health specialists) businesses operating in Michigan.
#27 of 50 states+16.0% vs national avg
Average Revenue
$4.3M
per year
Businesses
3,657
in Michigan
Revenue / Employee
$181K
per year
Labor Cost
50.0%
of revenue
Profit Margin
13.0%
industry average
Market Saturation
36.3
firms per 100K in MI
Total Revenue
$15.7B
all firms in MI
Total Employees
86,456
in MI
How Michigan Compares
National Average$3.7M
Michigan$4.3M
Difference+$591K (+16.0%)