Payroll Services in Virginia
Revenue benchmarks for payroll services businesses operating in Virginia.
#17 of 50 states-28.5% vs national avg
Average Revenue
$6.1M
per year
Businesses
113
in Virginia
Revenue / Employee
$129K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.3
firms per 100K in VA
Total Revenue
$689.8M
all firms in VA
Total Employees
5,349
in VA
How Virginia Compares
National Average$8.5M
Virginia$6.1M
Difference$2.4M (-28.5%)