Other Sound Recording Industries Revenue Benchmarks

How much does the average other sound recording industries business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$658K

per year

💰

Profit Margin

18.0%

industry average

📈

Revenue / Employee

$174K

per year

👤

Total Businesses

512

in the US

🏢

Est. Owner Income

$118K

small business avg

💵

Labor Cost

40.0%

of revenue

👥

Avg Employee Wage

$91K

per year (BLS)

💼

Market Saturation

0.2

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$241K
5-9 employees
$937K
10-19 employees
$2.5M
20-99 employees
$4.4M
100-499 employees
$14.2M

🏆 Highest Revenue States

1.Washington$2.4M avg2.Colorado$2.4M avg3.Kansas$1.7M avg4.Minnesota$1.5M avg5.Oklahoma$1.2M avg6.Illinois$964K avg7.Virginia$959K avg8.New York$891K avg9.Wisconsin$737K avg10.Georgia$706K avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

16.52%

openings/year

Closure Rate

15.15%

closings/year

Net Job Growth

-2.64%

annual

Businesses Closed

417

in 2023

Firm Count Trend

19
20
21
22
23
2,841 firms3,321 firms

💡 Should You Start a Other Sound Recording Industries Business?

Startup Cost

$50K – $250K

Break-Even

15 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Motion Picture and Video Production$2.0MSoftware Publishers$31.2MData Processing, Hosting, and Related Services$18.9MInternet Publishing and Broadcasting and Web Search Portals$33.8MWireless Telecommunications Carriers (except Satellite)$9.0M

Compare Other Sound Recording Industries revenue with other industries:

vs Motionvs Softwarevs Data