NAICS 72

Accommodation and Food Services in Morristown, TN

Metro Market Score 58.6 (Challenging), ranked #173 of 298 metros. 225 establishments, 4,153 jobs.

Metro Market Assessment

Metro Market Score 58.6
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

⚡Rising Wages

Morristown scores 58.6 on the Metro Market Score for accommodation and food services, placing it in the lower half. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration
36.6
LQ: 0.96
Rank #109 of 298 metros
Wage Competitiveness
31.9
$22,647 avg wage
Growth Trend
↓ 20.5
Employment growth index
Rank #238 of 298 metros
Wage Pressure
88.4
YoY wage change index

225 Accommodation and Food Services Firms in Morristown

225
Establishments
+2.3% YoY
4,153
Total Employment
-1.8% YoY
$22,647
Average Annual Wage
+8.5% YoY
0.96
Location Quotient
Below national avg

Morristown vs Tennessee Statewide

How this metro's accommodation and food services market compares to Tennessee overall. The state ranks #13/51 for entry risk.

Measure Morristown TN Statewide
Overall Score 58.6 Challenging 29.5 Low
Score Type Metro Market Score Entry Risk Score
Rank #173 of 298 metros #13 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 Morristown

Professional, Scientific, and Technical Services 9.2 Finance and Insurance 20.1 Other Services 29.2 Information 36.9 Real Estate and Rental and Leasing 44.1 Retail Trade 58.4 Administrative and Support Services 66.4

Accommodation and Food Services in Other Tennessee Metros

Cleveland 45.0 #83/298

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 Morristown's accommodation and food services sector, the employment growth component (79.5) 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

Data period: 2024. Last updated: April 2026.