Payroll Services in Florida
Revenue benchmarks for payroll services businesses operating in Florida.
#22 of 50 states-37.1% vs national avg
Average Revenue
$5.4M
per year
Businesses
450
in Florida
Revenue / Employee
$139K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
2.1
firms per 100K in FL
Total Revenue
$2.4B
all firms in FL
Total Employees
17,355
in FL
How Florida Compares
National Average$8.5M
Florida$5.4M
Difference$3.2M (-37.1%)