NAICS 23

Construction in Anchorage, AK

Metro Market Score 55.7 (Challenging), ranked #252 of 342 metros. 1,436 establishments, 11,880 jobs.

Metro Market Score 55.7

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market📈Rapid Growth

Anchorage scores 55.7 on the Metro Market Score for construction, 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

78.7

LQ: 1.28

Rank #269 of 342 metros

Wage Competitiveness

98.5

$102,065 avg wage

Growth Trend

↑ 92.4

Employment growth index

Rank #27 of 342 metros

Wage Pressure

45.4

YoY wage change index

1,436 Construction Firms in Anchorage

1,436

Establishments

-0.6% YoY

11,880

Total Employment

+10.1% YoY

$102,065

Average Annual Wage

+9.2% YoY

1.28

Location Quotient

Above national avg

Within Alaska

#1 of 2

construction metros in state

Alaska state rank

#50 of 51

for construction entry risk

vs State Median

-2.5

better than median (58.2)

Anchorage vs Alaska Statewide

How this metro's construction market compares to Alaska overall. The state ranks #50/51 for entry risk.

Measure	Anchorage	AK Statewide
Overall Score	55.7 Challenging	60.9 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#252 of 342 metros	#50 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 Anchorage

Administrative and Support Services 49.0 Real Estate and Rental and Leasing 50.1 Professional, Scientific, and Technical Services 54.6 Finance and Insurance 61.9 Healthcare and Social Assistance 63.5 Other Services 64.1 Information 64.2 Retail Trade 72.7 Accommodation and Food Services 73.2

Construction in Other Alaska Metros

Fairbanks-College 58.2 #273/342

Construction Metros With Similar Conditions

Metros within 5 points of Anchorage's 55.7 score. Useful when comparing markets with comparable entry profiles.

Lincoln, NE 55.7 #253/342 Phoenix-Mesa-Chandler, AZ 55.5 #251/342 Albany-Schenectady-Troy, NY 55.5 #250/342 St. Joseph, MO 56.0 #254/342 Charlotte-Concord-Gastonia, NC 56.0 #255/342 Raleigh-Cary, NC 56.1 #256/342 Albuquerque, NM 56.1 #257/342 Colorado Springs, CO 56.2 #258/342 Provo-Orem-Lehi, UT 55.1 #249/342 Trenton-Princeton, NJ 55.1 #248/342

Browse Construction in Other States

State-level entry risk reports for construction 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 Anchorage's construction sector, the wage competitiveness component (98.5) 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Anchorage, AK MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment