NAICS 72

Accommodation and Food Services in Toledo, OH

Metro Market Score 45.0 (Moderate), ranked #85 of 298 metros. 1,508 establishments, 27,938 jobs.

Metro Market Score 45.0

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

Despite a mature accommodation and food services presence (concentration: 52.7), Toledo is still adding jobs in this sector. Growth trend sits at 60.7, and the overall 45.0 market score lands in the upper half. Established markets with growth are worth a closer look.

Industry Concentration

52.7

LQ: 1.06

Rank #157 of 298 metros

Wage Competitiveness

24.2

$21,655 avg wage

Growth Trend

↑ 60.7

Employment growth index

Rank #118 of 298 metros

Wage Pressure

70.3

YoY wage change index

1,508 Accommodation and Food Services Firms in Toledo

1,508

Establishments

+0.2% YoY

27,938

Total Employment

+0.8% YoY

$21,655

Average Annual Wage

+3.2% YoY

1.06

Location Quotient

Above national avg

Within Ohio

#4 of 11

accommodation and food services metros in state

Ohio state rank

#11 of 51

for accommodation and food services entry risk

vs State Median

-3.6

better than median (48.6)

Toledo vs Ohio Statewide

How this metro's accommodation and food services market compares to Ohio overall. The state ranks #11/51 for entry risk.

Measure	Toledo	OH Statewide
Overall Score	45.0 Moderate	29.3 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#85 of 298 metros	#11 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 Toledo

Finance and Insurance 44.1 Information 44.8 Retail Trade 45.2 Other Services 47.5 Real Estate and Rental and Leasing 48.8 Administrative and Support Services 49.5 Construction 54.5

Accommodation and Food Services in Other Ohio Metros

Springfield 32.4 #21/298 Lima 35.3 #31/298 Akron 43.9 #75/298 Canton-Massillon 45.3 #88/298 Cleveland 48.6 #107/298 Dayton-Kettering-Beavercreek 49.0 #109/298 Mansfield 49.9 #114/298 Columbus 51.1 #123/298 Sandusky 65.3 #227/298 Youngstown-Warren 65.7 #230/298

Accommodation and Food Services Metros With Similar Conditions

Metros within 5 points of Toledo's 45.0 score. Useful when comparing markets with comparable entry profiles.

Rochester, MN 45.0 #84/298 Cleveland, TN 45.0 #83/298 Waterbury-Shelton, CT 45.0 #82/298 Albany, GA 45.2 #86/298 Allentown-Bethlehem-Easton, PA 45.3 #87/298 Canton-Massillon, OH 45.3 #88/298 Bangor, ME 44.8 #81/298 Baltimore-Columbia-Towson, MD 45.5 #89/298 Minneapolis-St. Paul-Bloomington, MN 45.5 #90/298 Tyler, TX 45.5 #91/298

Accommodation and Food Services in States Bordering Ohio

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

Michigan 29.2 #10/51 West Virginia 33.7 #17/51 Pennsylvania 36.8 #24/51 Kentucky 36.9 #25/51 Indiana 37.9 #28/51

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 Toledo's accommodation and food services sector, the wage pressure component (70.3) 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 Toledo, OH MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment