Research and Development in the Social Sciences and Humanities in Michigan
Revenue benchmarks for research and development in the social sciences and humanities businesses operating in Michigan.
#8 of 50 states-6.0% vs national avg
Average Revenue
$3.7M
per year
Businesses
34
in Michigan
Revenue / Employee
$178K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
0.3
firms per 100K in MI
Total Revenue
$127.0M
all firms in MI
Total Employees
714
in MI
How Michigan Compares
National Average$4.0M
Michigan$3.7M
Difference$238K (-6.0%)