Pharmacies and Drug Stores in Michigan
Revenue benchmarks for pharmacies and drug stores businesses operating in Michigan.
#42 of 50 states-32.3% vs national avg
Average Revenue
$9.1M
per year
Businesses
814
in Michigan
Revenue / Employee
$384K
per year
Labor Cost
10.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
8.1
firms per 100K in MI
Total Revenue
$7.4B
all firms in MI
Total Employees
19,266
in MI
How Michigan Compares
National Average$13.4M
Michigan$9.1M
Difference$4.3M (-32.3%)