Offices of Physicians (except Mental Health Specialists) in Minnesota
Revenue benchmarks for offices of physicians (except mental health specialists) businesses operating in Minnesota.
#1 of 50 states+261.6% vs national avg
Average Revenue
$13.4M
per year
Businesses
602
in Minnesota
Revenue / Employee
$221K
per year
Labor Cost
50.0%
of revenue
Profit Margin
13.0%
industry average
Market Saturation
10.5
firms per 100K in MN
Total Revenue
$8.0B
all firms in MN
Total Employees
36,437
in MN
How Minnesota Compares
National Average$3.7M
Minnesota$13.4M
Difference+$9.7M (+261.6%)