NAICS 72

Accommodation and Food Services in Springfield, IL

Metro Market Score 58.6 (Challenging), ranked #172 of 298 metros. 522 establishments, 8,777 jobs.

Metro Market Assessment

Metro Market Score 58.6
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

⚡Rising Wages

Springfield's accommodation and food services sector saw employment decline over the past year (growth trend: 6.0). That contraction, combined with a 58.6 market score, puts this metro in the lower half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration
2.7
LQ: 0.71
Rank #8 of 298 metros
Wage Competitiveness
55.7
$25,654 avg wage
Growth Trend
↓ 6.0
Employment growth index
Rank #281 of 298 metros
Wage Pressure
79.2
YoY wage change index

522 Accommodation and Food Services Firms in Springfield

522
Establishments
+1.8% YoY
8,777
Total Employment
-5.0% YoY
$25,654
Average Annual Wage
+5.8% YoY
0.71
Location Quotient
Below national avg

Springfield vs Illinois Statewide

How this metro's accommodation and food services market compares to Illinois overall. The state ranks #30/51 for entry risk.

Measure Springfield IL Statewide
Overall Score 58.6 Challenging 39.5 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #172 of 298 metros #30 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 Springfield

Construction 38.9 Retail Trade 40.0 Professional, Scientific, and Technical Services 43.8 Administrative and Support Services 49.1

Accommodation and Food Services in Other Illinois Metros

Kankakee 35.5 #34/298 Rockford 54.4 #152/298 Decatur 55.7 #160/298 Bloomington 67.3 #244/298

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 Springfield's accommodation and food services sector, the employment growth component (94.0) 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.