Veterinary Services in Michigan
Revenue benchmarks for veterinary services businesses operating in Michigan.
#25 of 50 states-8.0% vs national avg
Average Revenue
$1.3M
per year
Businesses
815
in Michigan
Revenue / Employee
$91K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
8.1
firms per 100K in MI
Total Revenue
$1.1B
all firms in MI
Total Employees
11,807
in MI
How Michigan Compares
National Average$1.4M
Michigan$1.3M
Difference$116K (-8.0%)