NAICS 72

Accommodation and Food Services in New York-Newark-Jersey City, NY

Metro Market Score 66.4 (Difficult), ranked #237 of 298 metros. 52,590 establishments, 722,151 jobs.

Metro Market Score 66.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

💰High-Cost Market⚡Rising Wages

Wage costs in New York-Newark-Jersey City's accommodation and food services sector are well above the metro average, with wage competitiveness at 97.3 and rising pressure at 72.7. New entrants should factor higher labor costs into their financial projections for this market.

Industry Concentration

15.4

LQ: 0.84

Rank #46 of 298 metros

Wage Competitiveness

97.3

$39,792 avg wage

Growth Trend

↓ 21.1

Employment growth index

Rank #236 of 298 metros

Wage Pressure

72.7

YoY wage change index

52,590 Accommodation and Food Services Firms in New York-Newark-Jersey City

52,590

Establishments

-1.9% YoY

722,151

Total Employment

-1.7% YoY

$39,792

Average Annual Wage

+3.9% YoY

0.84

Location Quotient

Below national avg

Within New York

#10 of 13

accommodation and food services metros in state

New York state rank

#48 of 51

for accommodation and food services entry risk

vs State Median

+9.7

worse than median (56.6)

New York-Newark-Jersey City vs New York Statewide

How this metro's accommodation and food services market compares to New York overall. The state ranks #48/51 for entry risk.

Measure	New York-Newark-Jersey City	NY Statewide
Overall Score	66.4 Difficult	58.6 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#237 of 298 metros	#48 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 New York-Newark-Jersey City

Healthcare and Social Assistance 57.5 Retail Trade 70.0 Administrative and Support Services 72.7 Professional, Scientific, and Technical Services 79.1 Other Services 82.0

Accommodation and Food Services in Other New York Metros

Binghamton 47.1 #97/298 Albany-Schenectady-Troy 48.4 #105/298 Utica-Rome 51.3 #124/298 Rochester 51.5 #128/298 Ithaca 54.9 #156/298 Kiryas Joel-Poughkeepsie-Newburgh 55.1 #158/298 Buffalo-Cheektowaga 56.6 #162/298 Syracuse 57.6 #170/298 Elmira 59.7 #182/298 Kingston 66.7 #238/298

+ 2 more metros. View all in New York →

Accommodation and Food Services Metros With Similar Conditions

Metros within 5 points of New York-Newark-Jersey City's 66.4 score. Useful when comparing markets with comparable entry profiles.

Santa Fe, NM 66.3 #236/298 Tallahassee, FL 66.3 #235/298 Worcester, MA 66.2 #234/298 Billings, MT 66.0 #233/298 Kingston, NY 66.7 #238/298 Mount Vernon-Anacortes, WA 65.8 #232/298 Charlottesville, VA 66.9 #239/298 Kalamazoo-Portage, MI 65.8 #231/298 Watertown-Fort Drum, NY 67.0 #240/298 Youngstown-Warren, OH 65.7 #230/298

Accommodation and Food Services in States Bordering New York

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

Massachusetts 28.4 #7/51 Pennsylvania 36.8 #24/51 Connecticut 37.3 #27/51 New Jersey 43.3 #34/51 Vermont 51.0 #43/51

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 New York-Newark-Jersey City's accommodation and food services sector, the wage competitiveness component (97.3) 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 New York-Newark-Jersey City, NY-NJ MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment