Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in New York
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in New York.
#22 of 50 states-46.3% vs national avg
Average Revenue
$8.3M
per year
Businesses
500
in New York
Revenue / Employee
$226K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
2.5
firms per 100K in NY
Total Revenue
$4.2B
all firms in NY
Total Employees
18,383
in NY
How New York Compares
National Average$15.5M
New York$8.3M
Difference$7.2M (-46.3%)