Pharmacies and Drug Stores Revenue Benchmarks

How much does the average pharmacies and drug stores business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$13.4M

per year

💰

Profit Margin

4.0%

industry average

📈

Revenue / Employee

$390K

per year

👤

Total Businesses

19,261

in the US

🏢

Est. Owner Income

$537K

small business avg

💵

Labor Cost

10.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

5.8

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$1.3M
5-9 employees
$3.0M
10-19 employees
$5.5M
20-99 employees
$14.4M
100-499 employees
$54.2M
500+ employees
$881.1M

🏆 Highest Revenue States

1.Massachusetts$39.0M avg2.Indiana$38.6M avg3.Rhode Island$37.0M avg4.Arizona$37.0M avg5.New Hampshire$34.9M avg6.Minnesota$31.2M avg7.Illinois$26.9M avg8.Connecticut$21.9M avg9.Ohio$21.2M avg10.Hawaii$20.3M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

5.26%

openings/year

Closure Rate

5.58%

closings/year

Net Job Growth

+5.68%

annual

Businesses Closed

3,445

in 2023

Firm Count Trend

19
20
21
22
23
39,520 firms37,589 firms

💡 Should You Start a Pharmacies and Drug Stores Business?

Startup Cost

$75K – $400K

Break-Even

5 months

5-Year Survival Rate

48.0%

🆚 Related Industries

Gasoline Stations with Convenience Stores$6.0MElectronic Shopping and Mail-Order Houses$5.8MSupermarkets and Other Grocery (except Convenience) Stores$16.2MConvenience Stores$879KBeer, Wine, and Liquor Stores$1.1M

Compare Pharmacies and Drug Stores revenue with other industries:

vs Gasolinevs Electronicvs Supermarkets