Payroll Services in Maryland
Revenue benchmarks for payroll services businesses operating in Maryland.
#30 of 50 states-52.2% vs national avg
Average Revenue
$4.1M
per year
Businesses
86
in Maryland
Revenue / Employee
$138K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.4
firms per 100K in MD
Total Revenue
$350.8M
all firms in MD
Total Employees
2,539
in MD
How Maryland Compares
National Average$8.5M
Maryland$4.1M
Difference$4.5M (-52.2%)