Payroll Services in Minnesota
Revenue benchmarks for payroll services businesses operating in Minnesota.
#34 of 50 states-58.7% vs national avg
Average Revenue
$3.5M
per year
Businesses
66
in Minnesota
Revenue / Employee
$137K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.2
firms per 100K in MN
Total Revenue
$232.8M
all firms in MN
Total Employees
1,699
in MN
How Minnesota Compares
National Average$8.5M
Minnesota$3.5M
Difference$5.0M (-58.7%)