NAICS 72

Accommodation and Food Services in Florence-Muscle Shoals, AL

Metro Market Score 40.7 (Moderate), ranked #53 of 298 metros. 361 establishments, 6,311 jobs.

Metro Market Assessment

Metro Market Score 40.7
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national accommodation and food services average.

📈Rapid Growth

Florence-Muscle Shoals ranks in the top quartile for accommodation and food services market conditions, driven by above-average employment growth. With a market score of 40.7, conditions are relatively favorable compared to most metros.

Industry Concentration
82.5
LQ: 1.25
Rank #246 of 298 metros
Wage Competitiveness
12.1
$20,619 avg wage
Growth Trend
↑ 87.6
Employment growth index
Rank #38 of 298 metros
Wage Pressure
66.5
YoY wage change index

361 Accommodation and Food Services Firms in Florence-Muscle Shoals

361
Establishments
+7.1% YoY
6,311
Total Employment
+3.6% YoY
$20,619
Average Annual Wage
+2.1% YoY
1.25
Location Quotient
Above national avg

Florence-Muscle Shoals vs Alabama Statewide

How this metro's accommodation and food services market compares to Alabama overall. The state ranks #37/51 for entry risk.

Measure Florence-Muscle Shoals AL Statewide
Overall Score 40.7 Moderate 44.1 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #53 of 298 metros #37 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Florence-Muscle Shoals

Real Estate and Rental and Leasing 26.8 Other Services 29.4 Information 29.8 Construction 41.5 Finance and Insurance 43.2 Healthcare and Social Assistance 43.7 Administrative and Support Services 46.7 Retail Trade 61.9

Accommodation and Food Services in Other Alabama Metros

Huntsville 30.1 #15/298 Anniston-Oxford 41.8 #58/298 Birmingham 43.8 #73/298 Mobile 52.5 #133/298 Gadsden 55.7 #159/298 Daphne-Fairhope-Foley 58.2 #171/298

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Florence-Muscle Shoals's accommodation and food services sector, the industry concentration component (82.5) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.