Address
City: Laurel
Neighborhood: Oak Crest
State: Maryland
Postal Code: 20707
Country: United States
Business facts
Estimated annual revenue~$925.3K
Estimated employees~3
Estimated wage bill~$165.1K
Estimate based on strong signals
Area statistics (20707)
Population36,352
Median household income$97,720
Source: US Census ACS
About
LabHare is located in Laurel, Maryland. This business is working in the following industry: Laboratory.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning below its category median in a growing category (Laboratory).
EstimateCategory trend: 2024, +7.0%
Revenue trend (modeled)
~$1.1M2019
~$902.5K2020
~$918.1K2021
~$889.7K2022
~$888.8K2023
~$925.3K2024
Modeled from official industry statistics-3.4%/yr since 201980% confidence band: ±42%
Property
Lot size2,701 sq ft
ZoningI1
CountyPrince_george_s
Assessed value$1.7K
On this lotshared with 45 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Laboratory in Maryland | 352 | ~$1.3B | ~$3.6M | ~$2.0M | 4.6★ | 0.5× |
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure7 chains expanding in this category, led by JHU Morris Lab, Lab | Kaiser Permanente Woodlawn Medical Center, UMD Fabrication Farm (+3,860 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 540 | ~$1.1B | ~$2.1M | ~$717.1K | 3,650 | ~$309.0M | 1.3× |
| Professional, scientific and technical activities | 41 | ~$102.0M | ~$2.5M | — | 204 | — | — |
1 km area (all businesses): median from the 472 of 540 businesses with estimates
Estimate
Area conditions (20707)
Population36,352 ±1,204
Median household income$97,720 ±$7,902
Median home value$386,000
Bachelor's degree or higher0.5%
Unemployment rate0.1%
Source: US Census ACS