NAICS 72

Accommodation and Food Services in Sebastian-Vero Beach-West Vero Corridor, FL

Metro Market Score 68.5 (Difficult), ranked #249 of 298 metros. 336 establishments, 5,843 jobs.

Metro Market Assessment

Metro Market Score 68.5
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 Sebastian-Vero Beach-West Vero Corridor's accommodation and food services sector are well above the metro average, with wage competitiveness at 75.8 and rising pressure at 71.3. New entrants should factor higher labor costs into their financial projections for this market.

Industry Concentration
64.4
LQ: 1.12
Rank #192 of 298 metros
Wage Competitiveness
75.8
$29,089 avg wage
Growth Trend
↓ 36.2
Employment growth index
Rank #191 of 298 metros
Wage Pressure
71.3
YoY wage change index

336 Accommodation and Food Services Firms in Sebastian-Vero Beach-West Vero Corridor

336
Establishments
+1.2% YoY
5,843
Total Employment
-0.4% YoY
$29,089
Average Annual Wage
+3.5% YoY
1.12
Location Quotient
Above national avg

Sebastian-Vero Beach-West Vero Corridor 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 Sebastian-Vero Beach-West Vero Corridor FL Statewide
Overall Score 68.5 Difficult 53.6 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #249 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 Sebastian-Vero Beach-West Vero Corridor

Information 43.3 Construction 43.9 Healthcare and Social Assistance 49.5 Professional, Scientific, and Technical Services 51.0 Finance and Insurance 51.1 Retail Trade 57.7 Real Estate and Rental and Leasing 64.0 Other Services 64.5 Administrative and Support Services 67.3

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 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

+ 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 Sebastian-Vero Beach-West Vero Corridor's accommodation and food services sector, the employment growth component (63.8) 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.