NAICS 72

Accommodation and Food Services in Cape Coral-Fort Myers, FL

Metro Market Score 60.2 (Difficult), ranked #187 of 298 metros. 1,825 establishments, 33,101 jobs.

Metro Market Assessment

Metro Market Score 60.2
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📈Rapid Growth⚡Rising Wages

Wage costs in Cape Coral-Fort Myers's accommodation and food services sector are well above the metro average, with wage competitiveness at 85.2 and rising pressure at 72.3. New entrants should factor higher labor costs into their financial projections for this market.

Industry Concentration
79.2
LQ: 1.22
Rank #236 of 298 metros
Wage Competitiveness
85.2
$31,000 avg wage
Growth Trend
↑ 84.6
Employment growth index
Rank #47 of 298 metros
Wage Pressure
72.3
YoY wage change index

1,825 Accommodation and Food Services Firms in Cape Coral-Fort Myers

1,825
Establishments
+2.4% YoY
33,101
Total Employment
+2.9% YoY
$31,000
Average Annual Wage
+3.8% YoY
1.22
Location Quotient
Above national avg

Cape Coral-Fort Myers vs Florida Statewide

How this metro's accommodation and food services market compares to Florida overall. The state ranks #44/51 for entry risk.

Measure Cape Coral-Fort Myers FL Statewide
Overall Score 60.2 Difficult 53.6 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #187 of 298 metros #44 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 Cape Coral-Fort Myers

Healthcare and Social Assistance 31.8 Information 42.9 Finance and Insurance 45.6 Construction 46.4 Other Services 52.1 Professional, Scientific, and Technical Services 57.1 Retail Trade 64.1 Administrative and Support Services 67.1 Real Estate and Rental and Leasing 68.8

Accommodation and Food Services in Other Florida Metros

Ocala 48.4 #104/298 Sebring 51.5 #127/298 Palm Bay-Melbourne-Titusville 57.6 #169/298 Jacksonville 60.2 #188/298 Punta Gorda 60.6 #194/298 Miami-Fort Lauderdale-West Palm Beach 61.6 #203/298 Lakeland-Winter Haven 62.6 #212/298 Naples-Marco Island 63.3 #216/298 Tallahassee 66.3 #235/298 Sebastian-Vero Beach-West Vero Corridor 68.5 #249/298

+ 9 more metros. View all in Florida →

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 Cape Coral-Fort Myers's accommodation and food services sector, the wage competitiveness component (85.2) 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.