Taxi Service in Michigan
Revenue benchmarks for taxi service businesses operating in Michigan.
#15 of 50 states-34.1% vs national avg
Average Revenue
$2.7M
per year
Businesses
34
in Michigan
Revenue / Employee
$530K
per year
Labor Cost
35.0%
of revenue
Profit Margin
5.0%
industry average
Market Saturation
0.3
firms per 100K in MI
Total Revenue
$91.7M
all firms in MI
Total Employees
173
in MI
How Michigan Compares
National Average$4.1M
Michigan$2.7M
Difference$1.4M (-34.1%)