Retail Trade ·NAICS 45114

NAICS 45114 · IRS SOI 2023 · Census CBP

Musical Instrument and Supplies Stores - Industry Benchmarks

106 SBA loans on record, $43M in volume, for NAICS 45114.

3K
Establishments
N/A
Workers employed
N/A
Avg payroll / employee
$43M
SBA lending, FY20–26

Data updated July 2026

The verdict · NAICS 45114

Ohio leads Musical Instrument and Supplies Stores activity nationally, across 3K establishments employing N/A workers. IRS SOI doesn't publish margin data at this NAICS level.

3K
Business establishments (Census)
N/A
Workers employed (Census CBP)
N/A
Avg payroll / employee
$43M
SBA lending, FY20–26

Benchmarking Insights for Musical Instrument and Supplies Stores

Musical Instrument and Supplies Stores sits inside Retail Trade.

3,230 establishments employ N/A workers. Ohio leads employment, followed by Michigan and Missouri.

Employment

N/A

Total employees (Census CBP)

Avg Payroll / Employee

N/A

Annual compensation

Establishments

3,230

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

establishment count decreased by 90. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

Financial Detail

Annual Payroll (Total)
$879.4M

Sub-Industries

Industry Profit Margin
Musical Instrument and Supplies Stores

NAICS 451140

 N/A

Top States by Employment

State Employment
Ohio 938
Michigan 878
Missouri 793
Wisconsin 631
Massachusetts 611
Minnesota 534
Arizona 511
Oklahoma 330
Kentucky 287
Nebraska 186

Showing top 10 of 51 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

106

Total Loan Volume

$43M

Avg Loan Size

$409K

Jobs Supported

694

Program Breakdown

7(a) 85 (80%)
504 21 (20%)

Top SBA Lender

U.S. Bank, National Association

7 loans in this industry

New Business Share

15.1% of borrowers were new/startup businesses

Annual Lending Trend (5 yrs)

2020
35
2021
49
2022
17
2023
3
2024
2

View SBA lending rankings →

Frequently Asked Questions

How many businesses are in Musical Instrument and Supplies Stores?
3,230 business establishments.
What is the average payroll per employee in Musical Instrument and Supplies Stores?
Average payroll data for Musical Instrument and Supplies Stores is not available in the current Census CBP dataset.
Which states have the most Musical Instrument and Supplies Stores employment?
Ohio leads with 938 workers. Michigan (878) and Missouri (793) round out the top three.
How much SBA lending does Musical Instrument and Supplies Stores receive?
Musical Instrument and Supplies Stores businesses received 106 SBA loans totaling $43 million between FY2020 and FY2026. The average loan size was $409K. These loans supported 694 jobs at origination. Most lending (80%) came through the SBA 7(a) program.

Benchmarking Musical Instrument and Supplies Stores

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 45114 · 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.