Residential Remodelers Revenue Benchmarks

How much does the average residential remodelers business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$581K

per year

💰

Profit Margin

7.0%

industry average

📈

Revenue / Employee

$174K

per year

👤

Total Businesses

127,394

in the US

🏢

Est. Owner Income

$41K

small business avg

💵

Labor Cost

30.0%

of revenue

👥

Avg Employee Wage

$60K

per year (BLS)

💼

Market Saturation

38.4

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$211K
5-9 employees
$997K
10-19 employees
$2.3M
20-99 employees
$7.0M
100-499 employees
$27.4M
500+ employees
$86.7M

🏆 Highest Revenue States

1.Nevada$993K avg2.California$832K avg3.Arizona$767K avg4.Tennessee$762K avg5.Colorado$694K avg6.Texas$663K avg7.Oregon$643K avg8.Massachusetts$641K avg9.Maryland$634K avg10.New Mexico$625K avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

17.34%

openings/year

Closure Rate

14.46%

closings/year

Net Job Growth

+3.48%

annual

Businesses Closed

21,484

in 2023

Firm Count Trend

19
20
21
22
23
149,139 firms174,642 firms

💡 Should You Start a Residential Remodelers Business?

Startup Cost

$50K – $250K

Break-Even

44 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Plumbing, Heating, and Air-Conditioning Contractors$2.4MElectrical Contractors and Other Wiring Installation Contractors$2.7MNew Single-Family Housing Construction (except For-Sale Builders)$766KSite Preparation Contractors$2.5MCommercial and Institutional Building Construction$4.6M

Compare Residential Remodelers revenue with other industries:

vs Plumbing,vs Electricalvs New