Payroll Services in Massachusetts
Revenue benchmarks for payroll services businesses operating in Massachusetts.
#20 of 50 states-35.6% vs national avg
Average Revenue
$5.5M
per year
Businesses
102
in Massachusetts
Revenue / Employee
$206K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.5
firms per 100K in MA
Total Revenue
$560.8M
all firms in MA
Total Employees
2,728
in MA
How Massachusetts Compares
National Average$8.5M
Massachusetts$5.5M
Difference$3.0M (-35.6%)