Accommodation in Minnesota — margin & local benchmarks
The accommodation industry's national net profit margin is -13.0% (national, owner-operator basis — no state-level margin exists in any public source). In Minnesota, there are 1,437 accommodation establishments.
-13.0%net profit margin · owner-operator basis
Owner-operator basis (IRS SOI sole proprietorships, TY2023): net income less deficit ÷ business receipts, at NAICS 721 (Accommodation). Sole-proprietor labor is not expensed, so this overstates corporate-style profit. Profit margin is published only nationally (IRS SOI);
this site never adjusts it to look local — see methodology.
Accommodation in Minnesota
Local counts from Census County Business Patterns (2023) and BLS QCEW. Establishment counts survive disclosure suppression; payroll/wage cells may be withheld and are then shown as insufficient data.
| Metric | Value | |
|---|---|---|
| Establishments in Minnesota | 1,437 | State 2023 source ↗ |
| Employment in Minnesota | 33,693 | State 2023 source ↗ |
| Annual payroll in Minnesota | $1,183,745,000 | State 2023 source ↗ |
| Average weekly wage in Minnesota | $639 | State 2024 source ↗ |
Business survival rates by firm age are published by Census BDS at the national level only (not by state or industry jointly) — so no local survival figure is shown here, rather than a misleading one.
Metro-level counts, multi-year trends, and geography-to-geography comparison are available to subscribers. This page shows the current national margin plus current Minnesota counts.
Frequently asked
How many accommodation businesses are in Minnesota?
1,437 establishments (Census County Business Patterns, 2023).
What is the average accommodation wage in Minnesota?
$639 per week (BLS QCEW 2024, private sector).
What profit margin do accommodation businesses make?
About -13.0% net margin nationally (owner-operator basis, IRS SOI) — no state-level margin is published.
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