Other Individual and Family Services Revenue Benchmarks

How much does the average other individual and family business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$1.3M

per year

💰

Profit Margin

13.0%

industry average

📈

Revenue / Employee

$80K

per year

👤

Total Businesses

26,349

in the US

🏢

Est. Owner Income

$165K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$49K

per year (BLS)

💼

Market Saturation

7.9

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$117K
5-9 employees
$500K
10-19 employees
$1.1M
20-99 employees
$3.0M
100-499 employees
$8.4M
500+ employees
$18.5M

🏆 Highest Revenue States

1.New York$3.0M avg2.Connecticut$2.2M avg3.Massachusetts$2.1M avg4.Rhode Island$2.0M avg5.Alaska$2.0M avg6.Maine$1.7M avg7.Hawaii$1.7M avg8.New Jersey$1.7M avg9.Ohio$1.5M avg10.Wisconsin$1.5M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

12.88%

openings/year

Closure Rate

8.1%

closings/year

Net Job Growth

+6.84%

annual

Businesses Closed

4,852

in 2023

Firm Count Trend

19
20
21
22
23
56,968 firms63,046 firms

💡 Should You Start a Other Individual and Family Business?

Startup Cost

$75K – $300K

Break-Even

14 months

5-Year Survival Rate

70.0%

🆚 Related Industries

Offices of Physicians (except Mental Health Specialists)$3.7MOffices of Dentists$915KChild Day Care Services$750KOffices of Chiropractors$280KOffices of Mental Health Practitioners (except Physicians)$443K

Compare Other Individual and Family Services revenue with other industries:

vs Officesvs Officesvs Child