Employment
321,068
Total employees (Census CBP)
Manufacturing ·NAICS 32541
NAICS 32541 · IRS SOI 2023 · Census CBP
Pharmaceutical and Medicine Manufacturing - Industry Benchmarks
$113,582/yr average annual pay, with 255 SBA loans on record for NAICS 32541.
- 3K
- Establishments
- 321K
- Workers employed
- $113,582/yr
- Avg payroll / employee
- $313M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 32541
New York leads Pharmaceutical and Medicine Manufacturing activity nationally, across 3K establishments employing 321K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 3K
- Business establishments (Census)
- 321K
- Workers employed (Census CBP)
- $113,582/yr
- Avg payroll / employee
- $313M
- SBA lending, FY20–26
Benchmarking Insights for Pharmaceutical and Medicine Manufacturing
Pharmaceutical and Medicine Manufacturing sits inside Manufacturing.
2,905 establishments employ 321,068 workers (110.5/location) at $113,582/yr average annual pay. New York leads employment, followed by New Jersey and Pennsylvania.
Avg Payroll / Employee
$113,582/yr
Annual compensation
Establishments
2,905
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 6,826; establishment count increased by 23. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $36.5B
- Avg Employees per Establishment
- 110.5
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Biological Product (except Diagnostic) Manufacturing NAICS 325414 | N/A |
| In-Vitro Diagnostic Substance Manufacturing NAICS 325413 | N/A |
| Medicinal and Botanical Manufacturing NAICS 325411 | N/A |
| Pharmaceutical Preparation Manufacturing NAICS 325412 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| New York | 24,906 |
| New Jersey | 19,611 |
| Pennsylvania | 17,203 |
| Massachusetts | 14,555 |
| Michigan | 13,577 |
| Utah | 11,138 |
| Florida | 9,967 |
| Texas | 9,884 |
| Illinois | 9,879 |
| South Carolina | 7,545 |
Showing top 10 of 49 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
255
Total Loan Volume
$313M
Avg Loan Size
$1228K
Jobs Supported
4,081
Program Breakdown
7(a) 215 (84%)
504 40 (16%)
Top SBA Lender
Newtek Bank, National Association
12 loans in this industry
New Business Share
17.6% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 34
2021 54
2022 32
2023 34
2024 35
2025 61
2026 5
Frequently Asked Questions
How many businesses are in Pharmaceutical and Medicine Manufacturing?
2,905 business establishments. Together they employ 321,068 workers.
What is the average payroll per employee in Pharmaceutical and Medicine Manufacturing?
$113,582/yr average annual pay per employee. Businesses average 110.5 employees per establishment.
Which states have the most Pharmaceutical and Medicine Manufacturing employment?
New York leads with 24,906 workers. New Jersey (19,611) and Pennsylvania (17,203) round out the top three.
How much SBA lending does Pharmaceutical and Medicine Manufacturing receive?
Pharmaceutical and Medicine Manufacturing businesses received 255 SBA loans totaling $313 million between FY2020 and FY2026. The average loan size was $1228K. These loans supported 4,081 jobs at origination. Most lending (84%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 86% of that same 551-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Pharmaceutical and Medicine Manufacturing
- No margin data, check the parent industry. Browse Manufacturing
- 2,905 establishments, 321,068 workers. Payroll benchmarks
- 255 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 32541 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.