NAICS 72

Accommodation and Food Services in Minnesota: 2026 Market Risk Report

Entry risk 34.9 (Moderate), ranked #19 of 51 states. 12,862 establishments, 223,530 jobs.

Entry Risk Assessment

Entry Risk Score 34.9
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

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

🛡️Stable Market

Minnesota exhibits structural stability in accommodation and food services, with volatility at 30.6 and firm retention ranking in the top half. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
70.6%
Percentile within industry
Rank #16 of 51 states
Growth Momentum
12.6
Scale of 0-100
Rank #48 of 51 states
Establishment Density
13.5
vs. national average
Rank #16 of 51 states
Market Volatility
30.6
Lower is more stable
Wage Pressure Index
28.0
Labor cost pressure

12,862 Establishments in Minnesota

12,862
Establishments
+0.7% YoY
223,530
Total Employment
+1.4% YoY
$26,730
Average Annual Wage
+3.4% YoY

Minnesota vs National Accommodation and Food Services Average

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

Metric MN National Difference
Entry Risk Score 34.9 40.0 -5.1
5-Year Retention 70.6% 51.0% +19.6
Growth Momentum 12.6 41.1 -28.5
Market Volatility 30.6 23.9 +6.7
Establishment Density 13.5 27.0 -13.5
Wage Pressure 28.0 33.4 -5.4

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

Minnesota Ranks #19 of 51 for Accommodation and Food Services

Minnesota ranks #19 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
#19 Minnesota You 34.9 moderate
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 Minnesota 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 Minnesota's accommodation and food services market compares to bordering states.

Wisconsin 28.2 #5/51 North Dakota 29.5 #12/51 South Dakota 36.7 #23/51 Iowa 39.0 #29/51

Other Industries in Minnesota

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 →