NAICS 23

Construction in Florence-Muscle Shoals, AL

Metro Market Score 41.5 (Moderate), ranked #118 of 342 metros. 330 establishments, 3,580 jobs.

Metro Market Assessment

Metro Market Score 41.5
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national construction average.

📈Rapid Growth

Florence-Muscle Shoals ranks in the upper half for construction market conditions, driven by above-average employment growth. With a market score of 41.5, conditions are relatively favorable compared to most metros.

Industry Concentration
75.2
LQ: 1.23
Rank #257 of 342 metros
Wage Competitiveness
33.6
$68,897 avg wage
Growth Trend
↑ 78.1
Employment growth index
Rank #76 of 342 metros
Wage Pressure
38.6
YoY wage change index

330 Construction Firms in Florence-Muscle Shoals

330
Establishments
+7.8% YoY
3,580
Total Employment
+5.6% YoY
$68,897
Average Annual Wage
+6.4% YoY
1.23
Location Quotient
Above national avg

Florence-Muscle Shoals vs Alabama Statewide

How this metro's construction market compares to Alabama overall. The state ranks #4/51 for entry risk.

Measure Florence-Muscle Shoals AL Statewide
Overall Score 41.5 Moderate 30.3 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #118 of 342 metros #4 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-Muscle Shoals

Real Estate and Rental and Leasing 26.8 Other Services 29.4 Information 29.8 Accommodation and Food Services 40.7 Finance and Insurance 43.2 Healthcare and Social Assistance 43.7 Administrative and Support Services 46.7 Retail Trade 61.9

Construction in Other Alabama Metros

Gadsden 14.3 #3/342 Anniston-Oxford 24.0 #15/342 Tuscaloosa 26.6 #24/342 Dothan 27.3 #26/342 Montgomery 28.7 #32/342 Auburn-Opelika 31.5 #47/342 Huntsville 32.5 #56/342 Daphne-Fairhope-Foley 42.8 #127/342 Decatur 45.4 #149/342 Mobile 45.8 #153/342

+ 1 more metros. View all in Alabama →

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-Muscle Shoals's construction sector, the industry concentration component (75.2) 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

Data period: 2024. Last updated: April 2026.