In good shape
Labor is 33% of your revenue
optometry practices typically run 33–45%, and the best-run sit near 24%.
The math
- $291,390 payroll ÷ $883,000 revenue = 33%
- Typical for optometry practices: 33–45%
You're at or below what optometry practices typically run. The best-run optometry practices get to 24%; that is a stretch target, not a problem with where you are. Worth checking you're not short-staffed to the point of turning work away.
Benchmarks are our reviewed figures for optometry practices, anchored on the 2022 US Economic Census. See the full optometry practice breakdown →
Other calculators for optometry practices
- Optometry practice profit margin calculatorWhat profit margin should my optometry practice be making?
- Optometry practice owner salary calculatorHow much should a optometry practice owner pay themselves?
- Revenue per team member calculator for a optometry practiceHow much revenue should each team member bring in?
- Optometry practice break-even calculatorHow much does my optometry practice need to make to break even?
Common questions
- What percentage of revenue should labor be for a optometry practice?
- Labor typically runs 33–45% of revenue in optometry practices, with the best-run near 24%. Above that range the cause is usually paid hours that aren't producing revenue, not wages being too high.
- Where do these benchmark figures come from?
- Revenue, headcount and revenue per person are measured by the US Census Bureau for this trade's NAICS code. The cost structure comes from our reviewed profile for optometry practices. Every figure on this page shows the arithmetic behind it, so you can check it against what you know.
- Do I have to sign up to use this?
- No. The calculator runs entirely in your browser and nothing you type is sent anywhere. The free 90-second audit at the bottom of the page does the same comparison against your live website and local market, and that one is also free with no account.