NAICS 23

Construction in Crestview-Fort Walton Beach-Destin, FL

Metro Market Score 44.9 (Moderate), ranked #145 of 342 metros. 1,407 establishments, 8,016 jobs.

Metro Market Assessment

Metro Market Score 44.9
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national construction average.

Construction wages in Crestview-Fort Walton Beach-Destin run well below the metro average (competitiveness index: 11.7), and year-over-year wage pressure is low at 40.0. For labor-intensive operations, this cost advantage could improve unit economics significantly.

Industry Concentration
74.8
LQ: 1.23
Rank #256 of 342 metros
Wage Competitiveness
11.7
$60,994 avg wage
Growth Trend
49.1
Employment growth index
Rank #175 of 342 metros
Wage Pressure
40.0
YoY wage change index

1,407 Construction Firms in Crestview-Fort Walton Beach-Destin

1,407
Establishments
+2.5% YoY
8,016
Total Employment
+1.8% YoY
$60,994
Average Annual Wage
+7.0% YoY
1.23
Location Quotient
Above national avg

Crestview-Fort Walton Beach-Destin vs Florida Statewide

How this metro's construction market compares to Florida overall. The state ranks #42/51 for entry risk.

Measure Crestview-Fort Walton Beach-Destin FL Statewide
Overall Score 44.9 Moderate 54.5 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #145 of 342 metros #42 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 Crestview-Fort Walton Beach-Destin

Healthcare and Social Assistance 30.9 Other Services 45.9 Retail Trade 59.5 Finance and Insurance 60.9 Information 62.1 Real Estate and Rental and Leasing 65.1 Administrative and Support Services 68.3 Professional, Scientific, and Technical Services 68.7 Accommodation and Food Services 71.9

Construction in Other Florida Metros

Gainesville 18.0 #7/342 Tallahassee 27.6 #27/342 Ocala 36.4 #72/342 Panama City-Panama City Beach 38.1 #88/342 Deltona-Daytona Beach-Ormond Beach 42.3 #122/342 Port St. Lucie 42.5 #123/342 Lakeland-Winter Haven 43.2 #131/342 Sebastian-Vero Beach-West Vero Corridor 43.9 #137/342 Pensacola-Ferry Pass-Brent 45.4 #150/342 Miami-Fort Lauderdale-West Palm Beach 46.4 #160/342

+ 11 more metros. View all in Florida →

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 Crestview-Fort Walton Beach-Destin's construction sector, the industry concentration component (74.8) 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

Data period: 2024. Last updated: April 2026.