NAICS 72

Accommodation and Food Services in Florence, SC

Metro Market Score 47.5 (Moderate), ranked #99 of 298 metros. 478 establishments, 9,043 jobs.

Metro Market Score 47.5

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

Florence pairs above-average accommodation and food services concentration (63.8) with positive employment growth (trend: 59.7). The market is competitive but still expanding, leaving room for well-positioned new entrants.

Industry Concentration

63.8

LQ: 1.12

Rank #190 of 298 metros

Wage Competitiveness

17.4

$21,054 avg wage

Growth Trend

↑ 59.7

Employment growth index

Rank #121 of 298 metros

Wage Pressure

75.4

YoY wage change index

478 Accommodation and Food Services Firms in Florence

478

Establishments

+2.8% YoY

9,043

Total Employment

+0.8% YoY

$21,054

Average Annual Wage

+4.7% YoY

1.12

Location Quotient

Above national avg

Within South Carolina

#1 of 6

accommodation and food services metros in state

South Carolina state rank

#9 of 51

for accommodation and food services entry risk

vs State Median

-15.9

better than median (63.4)

Florence vs South Carolina Statewide

How this metro's accommodation and food services market compares to South Carolina overall. The state ranks #9/51 for entry risk.

Measure	Florence	SC Statewide
Overall Score	47.5 Moderate	29.2 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#99 of 298 metros	#9 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 Florence

Construction 26.4 Real Estate and Rental and Leasing 34.7 Healthcare and Social Assistance 34.8 Professional, Scientific, and Technical Services 44.1 Information 47.0 Finance and Insurance 47.3 Other Services 50.7 Administrative and Support Services 53.4 Retail Trade 61.9

Accommodation and Food Services in Other South Carolina Metros

Greenville-Anderson-Greer 50.7 #121/298 Sumter 52.9 #136/298 Charleston-North Charleston 63.4 #217/298 Hilton Head Island-Bluffton-Port Royal 76.8 #283/298 Myrtle Beach-Conway-North Myrtle Beach 86.3 #296/298

Accommodation and Food Services Metros With Similar Conditions

Metros within 5 points of Florence's 47.5 score. Useful when comparing markets with comparable entry profiles.

Philadelphia-Camden-Wilmington, PA 47.8 #100/298 Weirton-Steubenville, WV 47.2 #98/298 Detroit-Warren-Dearborn, MI 47.8 #101/298 Binghamton, NY 47.1 #97/298 Eagle Pass, TX 48.2 #102/298 Staunton-Stuarts Draft, VA 48.2 #103/298 Ocala, FL 48.4 #104/298 Albany-Schenectady-Troy, NY 48.4 #105/298 Beaumont-Port Arthur, TX 48.6 #106/298 Cleveland, OH 48.6 #107/298

Accommodation and Food Services in States Bordering South Carolina

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

North Carolina 23.4 #2/51 Georgia 43.6 #35/51

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 Florence's accommodation and food services sector, the industry concentration component (63.8) 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 Florence, SC MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment