Museum industry market size in the U.S. 2022-2024
The market size of the museum industry in the United States increased by 2.6 percent in 2023 compared to the previous year. Overall, this industry's market size totaled approximately 16.7 billion U.S. dollars in 2023. This figure was forecast to reach an estimated 16.9 billion U.S. dollars in 2024.
What are the most visited museums in the U.S.?
In 2023, the Metropolitan Museum of Art in New York was the U.S. museum ranking highest on the list of the most visited museums worldwide, welcoming over five million people. The American Museum of Natural History, also in New York, and the National Museum of Natural History, in Washington, D.C., followed as the U.S. museums with the highest attendance that year.
How much does the Metropolitan Museum of Art earn from admissions?
In the 2024 fiscal year, admissions to The Met, as the institution is colloquially known, generated over 50 million U.S. dollars, accounting for around 13 percent of total revenue, support, and transfers of the Metropolitan Museum of Art. Meanwhile, operating expenses of the Metropolitan Museum of Art amounted to roughly 400 million U.S. dollars that year.
