NAICS 72

Accommodation and Food Services in Elkhart-Goshen, IN

Metro Market Score 46.0 (Moderate), ranked #93 of 298 metros. 397 establishments, 6,843 jobs.

Metro Market Score 46.0

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

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

⚡Rising Wages

Accommodation and Food Services employment in Elkhart-Goshen contracted year-over-year, placing the growth trend in the upper half at 17.1. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration

0.7

LQ: 0.59

Rank #2 of 298 metros

Wage Competitiveness

18.5

$21,119 avg wage

Growth Trend

↓ 17.1

Employment growth index

Rank #248 of 298 metros

Wage Pressure

81.9

YoY wage change index

397 Accommodation and Food Services Firms in Elkhart-Goshen

397

Establishments

-0.3% YoY

6,843

Total Employment

-2.2% YoY

$21,119

Average Annual Wage

+6.6% YoY

0.59

Location Quotient

Below national avg

Within Indiana

#3 of 8

accommodation and food services metros in state

Indiana state rank

#28 of 51

for accommodation and food services entry risk

vs State Median

-13.1

better than median (59.1)

Elkhart-Goshen vs Indiana Statewide

How this metro's accommodation and food services market compares to Indiana overall. The state ranks #28/51 for entry risk.

Measure	Elkhart-Goshen	IN Statewide
Overall Score	46.0 Moderate	37.9 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#93 of 298 metros	#28 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 Elkhart-Goshen

Information 17.4 Professional, Scientific, and Technical Services 19.7 Real Estate and Rental and Leasing 21.4 Finance and Insurance 26.5 Healthcare and Social Assistance 35.9 Administrative and Support Services 41.5 Construction 44.3 Retail Trade 48.1 Other Services 52.7

Accommodation and Food Services in Other Indiana Metros

Muncie 37.9 #42/298 Michigan City-La Porte 40.5 #51/298 Columbus 53.8 #148/298 South Bend-Mishawaka 59.1 #177/298 Bloomington 59.9 #183/298 Evansville 60.2 #186/298 Kokomo 61.9 #206/298

Accommodation and Food Services Metros With Similar Conditions

Metros within 5 points of Elkhart-Goshen's 46.0 score. Useful when comparing markets with comparable entry profiles.

Gainesville, GA 46.1 #94/298 Walla Walla, WA 46.1 #95/298 Trenton-Princeton, NJ 46.1 #96/298 Burlington, NC 45.6 #92/298 Tyler, TX 45.5 #91/298 Minneapolis-St. Paul-Bloomington, MN 45.5 #90/298 Baltimore-Columbia-Towson, MD 45.5 #89/298 Canton-Massillon, OH 45.3 #88/298 Allentown-Bethlehem-Easton, PA 45.3 #87/298 Albany, GA 45.2 #86/298

Accommodation and Food Services in States Bordering Indiana

State-level entry risk for accommodation and food services in adjacent states. Use this to weigh cross-border options.

Michigan 29.2 #10/51 Ohio 29.3 #11/51 Kentucky 36.9 #25/51 Illinois 39.5 #30/51

Browse Accommodation and Food Services in Other States

State-level entry risk reports for accommodation and food services across all 51 markets, sorted by rank.

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 Elkhart-Goshen's accommodation and food services sector, the employment growth component (82.9) 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Elkhart-Goshen, IN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment