Savings Institutions Revenue Benchmarks

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

Average Revenue

$46.6M

per year

💰

Profit Margin

15.0%

industry average

📈

Revenue / Employee

$300K

per year

👤

Total Businesses

672

in the US

🏢

Est. Owner Income

$7.0M

small business avg

💵

Labor Cost

30.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

0.2

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$942K
5-9 employees
$1.5M
10-19 employees
$3.1M
20-99 employees
$12.0M
100-499 employees
$44.4M
500+ employees
$255.1M

🏆 Highest Revenue States

1.Michigan$140.0M avg2.Hawaii$120.1M avg3.Texas$87.3M avg4.Oklahoma$82.0M avg5.Delaware$52.8M avg6.New York$52.8M avg7.Florida$52.3M avg8.New Jersey$48.0M avg9.South Dakota$45.9M avg10.Massachusetts$44.2M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

4.85%

openings/year

Closure Rate

4.96%

closings/year

Net Job Growth

+5.15%

annual

Businesses Closed

273

in 2023

Firm Count Trend

19
20
21
22
23
10,005 firms8,926 firms

💡 Should You Start a Savings Institutions Business?

Startup Cost

$50K – $250K

Break-Even

0 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Insurance Agencies and Brokerages$1.7MPortfolio Management$15.3MInvestment Advice$2.6MMiscellaneous Intermediation$4.2MMortgage and Nonmortgage Loan Brokers$3.3M

Compare Savings Institutions revenue with other industries:

vs Insurancevs Portfoliovs Investment