NAICS 72

Accommodation and Food Services in Minneapolis-St. Paul-Bloomington, MN

Metro Market Score 45.5 (Moderate), ranked #90 of 298 metros. 7,552 establishments, 148,887 jobs.

Metro Market Score 45.5

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🌱Emerging Market

Minneapolis-St. Paul-Bloomington ranks in the upper half for accommodation and food services market conditions, driven by above-average employment growth. With a market score of 45.5, conditions are relatively favorable compared to most metros.

Industry Concentration

17.1

LQ: 0.85

Rank #51 of 298 metros

Wage Competitiveness

74.2

$28,694 avg wage

Growth Trend

↑ 72.2

Employment growth index

Rank #84 of 298 metros

Wage Pressure

71.7

YoY wage change index

7,552 Accommodation and Food Services Firms in Minneapolis-St. Paul-Bloomington

7,552

Establishments

+0.9% YoY

148,887

Total Employment

+1.6% YoY

$28,694

Average Annual Wage

+3.6% YoY

0.85

Location Quotient

Below national avg

Within Minnesota

#5 of 5

accommodation and food services metros in state

Minnesota state rank

#19 of 51

for accommodation and food services entry risk

vs State Median

+3.5

worse than median (42.0)

Minneapolis-St. Paul-Bloomington vs Minnesota Statewide

How this metro's accommodation and food services market compares to Minnesota overall. The state ranks #19/51 for entry risk.

Measure	Minneapolis-St. Paul-Bloomington	MN Statewide
Overall Score	45.5 Moderate	34.9 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#90 of 298 metros	#19 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 Minneapolis-St. Paul-Bloomington

Retail Trade 46.1 Construction 59.5 Other Services 61.3 Real Estate and Rental and Leasing 62.4 Information 64.3 Finance and Insurance 80.5

Accommodation and Food Services in Other Minnesota Metros

Mankato 32.8 #24/298 St. Cloud 39.7 #47/298 Duluth 42.0 #60/298 Rochester 45.0 #84/298

Accommodation and Food Services Metros With Similar Conditions

Metros within 5 points of Minneapolis-St. Paul-Bloomington's 45.5 score. Useful when comparing markets with comparable entry profiles.

Baltimore-Columbia-Towson, MD 45.5 #89/298 Tyler, TX 45.5 #91/298 Burlington, NC 45.6 #92/298 Canton-Massillon, OH 45.3 #88/298 Allentown-Bethlehem-Easton, PA 45.3 #87/298 Albany, GA 45.2 #86/298 Rochester, MN 45.0 #84/298 Toledo, OH 45.0 #85/298 Cleveland, TN 45.0 #83/298 Waterbury-Shelton, CT 45.0 #82/298

Accommodation and Food Services in States Bordering Minnesota

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

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

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 Minneapolis-St. Paul-Bloomington's accommodation and food services sector, the wage competitiveness component (74.2) 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 Minneapolis-St. Paul-Bloomington, MN-WI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment