NAICS 72

Accommodation and Food Services in Palm Bay-Melbourne-Titusville, FL

Metro Market Score 57.6 (Challenging), ranked #169 of 298 metros. 1,415 establishments, 25,892 jobs.

Metro Market Assessment

Metro Market Score 57.6
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

Palm Bay-Melbourne-Titusville scores 57.6 on the Metro Market Score for accommodation and food services, placing it in the lower half. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration
74.2
LQ: 1.18
Rank #221 of 298 metros
Wage Competitiveness
63.8
$27,271 avg wage
Growth Trend
↑ 69.5
Employment growth index
Rank #92 of 298 metros
Wage Pressure
70.0
YoY wage change index

1,415 Accommodation and Food Services Firms in Palm Bay-Melbourne-Titusville

1,415
Establishments
+1.7% YoY
25,892
Total Employment
+1.4% YoY
$27,271
Average Annual Wage
+3.1% YoY
1.18
Location Quotient
Above national avg

Palm Bay-Melbourne-Titusville 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 Palm Bay-Melbourne-Titusville FL Statewide
Overall Score 57.6 Challenging 53.6 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #169 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 Palm Bay-Melbourne-Titusville

Healthcare and Social Assistance 38.4 Real Estate and Rental and Leasing 38.7 Finance and Insurance 41.4 Information 42.0 Retail Trade 47.7 Other Services 48.6 Professional, Scientific, and Technical Services 54.1 Construction 64.4 Administrative and Support Services 75.0

Accommodation and Food Services in Other Florida Metros

Ocala 48.4 #104/298 Sebring 51.5 #127/298 Cape Coral-Fort Myers 60.2 #187/298 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 Palm Bay-Melbourne-Titusville's accommodation and food services sector, the industry concentration component (74.2) 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.