NAICS 72

Accommodation and Food Services in New Haven, CT

Metro Market Score 67.6 (Difficult), ranked #245 of 298 metros. 1,585 establishments, 20,204 jobs.

Metro Market Assessment

Metro Market Score 67.6
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

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

💰High-Cost Market⚡Rising Wages

Wage costs in New Haven's accommodation and food services sector are well above the metro average, with wage competitiveness at 78.2 and rising pressure at 84.6. New entrants should factor higher labor costs into their financial projections for this market.

Industry Concentration
5.4
LQ: 0.79
Rank #16 of 298 metros
Wage Competitiveness
78.2
$29,505 avg wage
Growth Trend
↓ 0.7
Employment growth index
Rank #297 of 298 metros
Wage Pressure
84.6
YoY wage change index

1,585 Accommodation and Food Services Firms in New Haven

1,585
Establishments
-27.7% YoY
20,204
Total Employment
-26.0% YoY
$29,505
Average Annual Wage
+7.4% YoY
0.79
Location Quotient
Below national avg

New Haven vs Connecticut Statewide

How this metro's accommodation and food services market compares to Connecticut overall. The state ranks #27/51 for entry risk.

Measure New Haven CT Statewide
Overall Score 67.6 Difficult 37.3 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #245 of 298 metros #27 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 New Haven

Construction 59.5 Retail Trade 71.5 Finance and Insurance 74.6 Real Estate and Rental and Leasing 75.1 Information 75.3 Professional, Scientific, and Technical Services 78.5 Other Services 80.3 Healthcare and Social Assistance 80.3 Administrative and Support Services 86.9

Accommodation and Food Services in Other Connecticut Metros

Waterbury-Shelton 45.0 #82/298 Norwich-New London-Willimantic 50.3 #116/298 Hartford-West Hartford-East Hartford 60.4 #190/298 Bridgeport-Stamford-Danbury 69.8 #258/298

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 New Haven's accommodation and food services sector, the employment growth component (99.3) 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.