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CPC, Cost Per Lead & Conversion Rates by Industry

If you’re looking at how Google Ads performance has evolved, it’s important to understand where things started.

This page breaks down real Google Ads performance across industries using data from accounts we’ve worked with and analyzed, giving you a baseline view of costs, conversion rates, and performance trends in 2023.

2023 Google Ads Benchmarks

Here’s how performance has trended over time:

2023 Industry Benchmarks

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IndustryAccountsSpendImpressionsClicksConversionsCTRCVRCPCCPAConv ValueConv Value / CostZero-Conv Accounts
Painting & Surface Coatings24$528,490.504,338,256.00162,456.006,756.623.74%4.16%$3.25$78.22$0.0001
Home Services12$439,676.309,102,734.0084,492.0012,619.420.93%14.94%$5.20$34.84$0.0003
Health & Wellness4$438,360.3025,430,259.00316,520.0030,030.131.24%9.49%$1.38$14.60$0.0000
Windows / Doors / Garage14$408,688.90671,680.0034,244.004,404.025.10%12.86%$11.93$92.80$0.0000
Retail & Ecommerce8$285,483.1026,155,659.00290,437.0024,552.981.11%8.45%$0.98$11.63$0.0000
Legal5$147,200.1010,658,356.0042,689.005,158.450.40%12.08%$3.45$28.54$0.0000
Technology / SaaS3$121,731.303,070,069.0047,651.005,627.971.55%11.81%$2.55$21.63$0.0000
Manufacturing / Industrial3$90,087.0611,201,886.00101,489.00866.000.91%0.85%$0.89$104.03$0.0000
Roofing3$53,102.27133,162.003,635.00401.002.73%11.03%$14.61$132.42$0.0000
Automotive / Transport2$53,045.756,588,949.0052,167.00617.730.79%1.18%$1.02$85.87$0.0000
Healthcare6$47,440.50394,573.0017,155.001,798.514.35%10.48%$2.77$26.38$0.0001
Education & Training3$46,933.80645,705.0020,640.001,310.803.20%6.35%$2.27$35.81$0.0000
Professional Services4$44,239.557,552,010.0038,080.008,398.630.50%22.06%$1.16$5.27$0.0000
Entertainment & Events3$26,052.332,802,804.0034,100.004,522.371.22%13.26%$0.76$5.76$0.0000
Veterinary / Pet1$14,537.67178,661.0014,669.003,282.008.21%22.37%$0.99$4.43$0.0000
Vision / Eye Care1$11,182.51533,264.006,172.001,036.001.16%16.79%$1.81$10.79$0.0000
Insurance / Financial2$10,409.304,074,082.008,722.001,308.920.21%15.01%$1.19$7.95$0.0000
Government / Nonprofit3$7,124.2312,906.001,253.00229.289.71%18.30%$5.69$31.07$0.0002
Restaurant / Hospitality1$4,122.07607,490.0014,037.003,082.002.31%21.96%$0.29$1.34$0.0000

Key Takeaways for 2023

Lower Cost Baseline Across Most Industries

Compared to later years:

  • CPC was generally lower
  • competition was less aggressive
  • cost per lead was more favorable in many industries

This made 2023 a strong baseline for comparison.

More Stable Performance Across Accounts

In 2023, we saw:

  • more consistent performance across industries
  • less volatility in results
  • clearer benchmarks for cost and conversion rates

Conversion Rates Were More Predictable

Across most industries:

  • conversion rates remained relatively stable
  • less variation between accounts
  • fewer extreme outliers

Early Signs of Increasing Competition

While costs were lower overall:

  • competition was beginning to increase
  • more advertisers entering the space
  • early upward pressure on CPC


Industry Highlights

Painting & Surface Coatings

  • strong baseline performance
  • stable conversion rates
  • predictable costs

Home Services

  • consistent demand
  • moderate competition
  • reliable lead flow

Legal

  • already high CPC
  • competitive market
  • strong lead value

Retail & Ecommerce

  • strong conversion volume
  • high activity
  • performance tied to tracking accuracy

Health & Wellness

  • high search volume
  • strong demand
  • solid conversion potential

What This Means for Your Business

If you were running Google Ads in 2023:

You likely experienced:

  • lower costs
  • more predictable performance
  • less aggressive competition


This year serves as a:

  • baseline for understanding cost increases
  • reference point for performance trends
  • foundation for comparing future optimization

How to Use These Benchmarks

These numbers give you a realistic performance range, not a guarantee.

Your results will vary based on:

  • your location
  • competition in your area
  • your website and landing pages
  • how well your campaigns are structured

Compare Your Performance

If your current results are:

  • significantly above average CPL
  • inconsistent lead flow
  • or unclear performance

There’s usually a fixable reason.

Want Help Improving Your Painting Ads?

We specialize in Google Ads for service-based businesses, including painting companies.

We’ll show you:

  • how your account compares to industry benchmarks
  • what’s working
  • what’s likely costing you money
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