Veterinary Services in Minnesota
Revenue benchmarks for veterinary services businesses operating in Minnesota.
#16 of 50 states+4.3% vs national avg
Average Revenue
$1.5M
per year
Businesses
510
in Minnesota
Revenue / Employee
$96K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
8.9
firms per 100K in MN
Total Revenue
$765.7M
all firms in MN
Total Employees
7,973
in MN
How Minnesota Compares
National Average$1.4M
Minnesota$1.5M
Difference+$62K (+4.3%)