Residential Property Managers in Michigan
Revenue benchmarks for residential property managers businesses operating in Michigan.
#2 of 50 states+51.9% vs national avg
Average Revenue
$3.9M
per year
Businesses
730
in Michigan
Revenue / Employee
$182K
per year
Labor Cost
25.0%
of revenue
Profit Margin
20.0%
industry average
Market Saturation
7.2
firms per 100K in MI
Total Revenue
$2.9B
all firms in MI
Total Employees
15,842
in MI
How Michigan Compares
National Average$2.6M
Michigan$3.9M
Difference+$1.3M (+51.9%)