Rental & Leasing Services in Tennessee — margin & local benchmarks
The rental & leasing services industry's national net profit margin is -9.2% (national, owner-operator basis — no state-level margin exists in any public source). In Tennessee, there are 1,202 rental & leasing services establishments.
-9.2%net profit margin · owner-operator basis
Owner-operator basis (IRS SOI sole proprietorships, TY2023): net income less deficit ÷ business receipts, at NAICS 532 (Rental & Leasing Services). 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.
Rental & Leasing Services in Tennessee
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 Tennessee | 1,202 | State 2023 source ↗ |
| Employment in Tennessee | 12,168 | State 2023 source ↗ |
| Annual payroll in Tennessee | $752,349,000 | State 2023 source ↗ |
| Average weekly wage in Tennessee | $1,275 | 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 Tennessee counts.
Frequently asked
How many rental & leasing services businesses are in Tennessee?
1,202 establishments (Census County Business Patterns, 2023).
What is the average rental & leasing services wage in Tennessee?
$1,275 per week (BLS QCEW 2024, private sector).
What profit margin do rental & leasing services businesses make?
About -9.2% net margin nationally (owner-operator basis, IRS SOI) — no state-level margin is published.
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