Payroll Services in New Jersey
Revenue benchmarks for payroll services businesses operating in New Jersey.
#2 of 50 states+109.7% vs national avg
Average Revenue
$17.9M
per year
Businesses
172
in New Jersey
Revenue / Employee
$289K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.9
firms per 100K in NJ
Total Revenue
$3.1B
all firms in NJ
Total Employees
10,671
in NJ
How New Jersey Compares
National Average$8.5M
New Jersey$17.9M
Difference+$9.4M (+109.7%)