Testing Laboratories in Minnesota
Revenue benchmarks for testing laboratories businesses operating in Minnesota.
#10 of 50 states-13.7% vs national avg
Average Revenue
$3.5M
per year
Businesses
106
in Minnesota
Revenue / Employee
$131K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.9
firms per 100K in MN
Total Revenue
$367.2M
all firms in MN
Total Employees
2,806
in MN
How Minnesota Compares
National Average$4.0M
Minnesota$3.5M
Difference$549K (-13.7%)