Photography Studios, Portrait Revenue Benchmarks

How much does the average photography studios, portrait business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$235K

per year

💰

Profit Margin

22.0%

industry average

📈

Revenue / Employee

$66K

per year

👤

Total Businesses

9,130

in the US

🏢

Est. Owner Income

$52K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$36K

per year (BLS)

💼

Market Saturation

2.8

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$86K
5-9 employees
$439K
10-19 employees
$919K
20-99 employees
$3.0M
100-499 employees
$13.7M
500+ employees
$56.6M

🏆 Highest Revenue States

1.Missouri$611K avg2.Rhode Island$516K avg3.Tennessee$414K avg4.Nevada$363K avg5.Maryland$333K avg6.North Dakota$287K avg7.Washington$281K avg8.Texas$275K avg9.New Hampshire$274K avg10.Pennsylvania$259K avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

13.21%

openings/year

Closure Rate

10.38%

closings/year

Net Job Growth

+2.16%

annual

Businesses Closed

5,672

in 2023

Firm Count Trend

19
20
21
22
23
56,135 firms58,460 firms

💡 Should You Start a Photography Studios, Portrait Business?

Startup Cost

$10K – $75K

Break-Even

10 months

5-Year Survival Rate

60.0%

🆚 Related Industries

Offices of Lawyers$1.5MAdministrative Management and General Management Consulting Services$1.9MCustom Computer Programming Services$3.9MOffices of Certified Public Accountants$1.9MComputer Systems Design Services$4.2M

Compare Photography Studios, Portrait revenue with other industries:

vs Officesvs Administrativevs Custom