Sound Recording Studios Revenue Benchmarks

How much does the average sound recording studios business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$526K

per year

💰

Profit Margin

18.0%

industry average

📈

Revenue / Employee

$195K

per year

👤

Total Businesses

2,133

in the US

🏢

Est. Owner Income

$95K

small business avg

💵

Labor Cost

40.0%

of revenue

👥

Avg Employee Wage

$72K

per year (BLS)

💼

Market Saturation

0.6

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$184K
5-9 employees
$851K
10-19 employees
$2.0M
20-99 employees
$4.7M
100-499 employees
$28.6M

🏆 Highest Revenue States

1.Tennessee$1.3M avg2.California$960K avg3.Montana$679K avg4.Maryland$609K avg5.Wyoming$534K avg6.New York$510K avg7.Pennsylvania$482K avg8.Michigan$408K avg9.Kansas$350K avg10.Vermont$318K avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

16.52%

openings/year

Closure Rate

15.15%

closings/year

Net Job Growth

-2.64%

annual

Businesses Closed

417

in 2023

Firm Count Trend

19
20
21
22
23
2,841 firms3,321 firms

💡 Should You Start a Sound Recording Studios Business?

Startup Cost

$50K – $250K

Break-Even

19 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Motion Picture and Video Production$2.0MSoftware Publishers$31.2MData Processing, Hosting, and Related Services$18.9MInternet Publishing and Broadcasting and Web Search Portals$33.8MWireless Telecommunications Carriers (except Satellite)$9.0M

Compare Sound Recording Studios revenue with other industries:

vs Motionvs Softwarevs Data