Payroll Services in Tennessee
Revenue benchmarks for payroll services businesses operating in Tennessee.
#13 of 50 states-11.3% vs national avg
Average Revenue
$7.6M
per year
Businesses
78
in Tennessee
Revenue / Employee
$133K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.1
firms per 100K in TN
Total Revenue
$590.8M
all firms in TN
Total Employees
4,433
in TN
How Tennessee Compares
National Average$8.5M
Tennessee$7.6M
Difference$964K (-11.3%)