Payroll Services in Michigan
Revenue benchmarks for payroll services businesses operating in Michigan.
#31 of 50 states-54.0% vs national avg
Average Revenue
$3.9M
per year
Businesses
185
in Michigan
Revenue / Employee
$106K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.8
firms per 100K in MI
Total Revenue
$725.9M
all firms in MI
Total Employees
6,870
in MI
How Michigan Compares
National Average$8.5M
Michigan$3.9M
Difference$4.6M (-54.0%)