Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in New Jersey
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in New Jersey.
#7 of 50 states+38.3% vs national avg
Average Revenue
$21.4M
per year
Businesses
343
in New Jersey
Revenue / Employee
$339K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
3.7
firms per 100K in NJ
Total Revenue
$7.3B
all firms in NJ
Total Employees
21,658
in NJ
How New Jersey Compares
National Average$15.5M
New Jersey$21.4M
Difference+$5.9M (+38.3%)