NAICS 72

Accommodation and Food Services in Michigan: 2026 Market Risk Report

Entry risk 29.2 (Low), ranked #10 of 51 states. 20,514 establishments, 369,856 jobs.

Entry Risk Assessment

Entry Risk Score 29.2
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Low Risk

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

🛡️Stable Market

Michigan exhibits structural stability in accommodation and food services, with volatility at 29.4 and firm retention ranking in the top 15. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
76.5%
Percentile within industry
Rank #13 of 51 states
Growth Momentum
26.4
Scale of 0-100
Rank #37 of 51 states
Establishment Density
3.8
vs. national average
Rank #2 of 51 states
Market Volatility
29.4
Lower is more stable
Wage Pressure Index
32.0
Labor cost pressure

20,514 Establishments in Michigan

20,514
Establishments
-7.3% YoY
369,856
Total Employment
+0.8% YoY
$25,563
Average Annual Wage
+3.6% YoY

Michigan vs National Accommodation and Food Services Average

How Michigan's accommodation and food services market compares to the national average across all 51 states.

Metric MI National Difference
Entry Risk Score 29.2 40.0 -10.8
5-Year Retention 76.5% 51.0% +25.5
Growth Momentum 26.4 41.1 -14.7
Market Volatility 29.4 23.9 +5.5
Establishment Density 3.8 27.0 -23.2
Wage Pressure 32.0 33.4 -1.4

Green = favorable vs national average. Red = less favorable. Metrics are relative within accommodation and food services only.

Michigan Ranks #10 of 51 for Accommodation and Food Services

Michigan ranks #10 out of 51 states for accommodation and food services market entry conditions.

Accommodation and Food Services Entry Risk by State

Rank State Risk Score Classification
#1 Delaware 19.8 low
#2 North Carolina 23.4 low
#3 New Mexico 24.5 low
#4 Idaho 26.2 low
#5 Wisconsin 28.2 low
#10 Michigan You 29.2 low
Entry Risk by State Alaska — 31.6 · #14 Alabama — 44.1 · #37 Arkansas — 36.9 · #26 Arizona — 46.9 · #40 California — 57.2 · #47 Colorado — 46.9 · #41 Connecticut — 37.3 · #27 District of Columbia — 81.4 · #51 Delaware — 19.8 · #1 Florida — 53.6 · #44 Georgia — 43.6 · #35 Hawaii — 66.1 · #50 Iowa — 39.0 · #29 Idaho — 26.2 · #4 Illinois — 39.5 · #30 Indiana — 37.9 · #28 Kansas — 34.2 · #18 Kentucky — 36.9 · #25 Louisiana — 43.8 · #36 Massachusetts — 28.4 · #7 Maryland — 31.7 · #15 Maine — 55.0 · #46 Michigan — 29.2 · #10 Minnesota — 34.9 · #19 Missouri — 47.2 · #42 Mississippi — 35.6 · #21 Montana — 46.1 · #39 North Carolina — 23.4 · #2 North Dakota — 29.5 · #12 Nebraska — 41.5 · #31 New Hampshire — 28.8 · #8 New Jersey — 43.3 · #34 New Mexico — 24.5 · #3 Nevada — 64.0 · #49 New York — 58.6 · #48 Ohio — 29.3 · #11 Oklahoma — 35.0 · #20 Oregon — 42.8 · #32 Pennsylvania — 36.8 · #24 Rhode Island — 28.3 · #6 South Carolina — 29.2 · #9 South Dakota — 36.7 · #23 Tennessee — 29.5 · #13 Texas — 46.0 · #38 Utah — 36.5 · #22 Virginia — 33.6 · #16 Vermont — 51.0 · #43 Washington — 42.9 · #33 Wisconsin — 28.2 · #5 West Virginia — 33.7 · #17 Wyoming — 55.0 · #45
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Michigan stack up against other states for accommodation and food services?

Select a state above to see the comparison

Accommodation and Food Services in Neighboring States

How Michigan's accommodation and food services market compares to bordering states.

Wisconsin 28.2 #5/51 Ohio 29.3 #11/51 Indiana 37.9 #28/51

Other Industries in Michigan

Construction → Healthcare and Social Assistance → Retail Trade → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →