Payroll Services in New Mexico
Revenue benchmarks for payroll services businesses operating in New Mexico.
#39 of 50 states-67.2% vs national avg
Average Revenue
$2.8M
per year
Businesses
23
in New Mexico
Revenue / Employee
$86K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.1
firms per 100K in NM
Total Revenue
$64.4M
all firms in NM
Total Employees
749
in NM
How New Mexico Compares
National Average$8.5M
New Mexico$2.8M
Difference$5.7M (-67.2%)