NAICS 23

Construction in Miami-Fort Lauderdale-West Palm Beach, FL

Metro Market Score 46.4 (Moderate), ranked #160 of 342 metros. 21,216 establishments, 154,472 jobs.

Metro Market Assessment

Metro Market Score 46.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national construction average.

Employment in Miami-Fort Lauderdale-West Palm Beach's construction sector grew faster than most metros last year, pushing its growth trend index to 66.4. Combined with a 46.4 market score, this metro sits in the upper half for overall conditions.

Industry Concentration
61.7
LQ: 1.06
Rank #211 of 342 metros
Wage Competitiveness
57.3
$73,865 avg wage
Growth Trend
↑ 66.4
Employment growth index
Rank #116 of 342 metros
Wage Pressure
32.8
YoY wage change index

21,216 Construction Firms in Miami-Fort Lauderdale-West Palm Beach

21,216
Establishments
+2.6% YoY
154,472
Total Employment
+3.9% YoY
$73,865
Average Annual Wage
+4.0% YoY
1.06
Location Quotient
Above national avg

Miami-Fort Lauderdale-West Palm Beach vs Florida Statewide

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

Measure Miami-Fort Lauderdale-West Palm Beach FL Statewide
Overall Score 46.4 Moderate 54.5 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #160 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 Miami-Fort Lauderdale-West Palm Beach

Healthcare and Social Assistance 52.4 Other Services 59.7 Real Estate and Rental and Leasing 60.2 Accommodation and Food Services 61.6 Retail Trade 63.2 Information 64.0 Professional, Scientific, and Technical Services 64.3 Administrative and Support Services 71.7 Finance and Insurance 72.7

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 Crestview-Fort Walton Beach-Destin 44.9 #145/342 Pensacola-Ferry Pass-Brent 45.4 #150/342

+ 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 Miami-Fort Lauderdale-West Palm Beach's construction sector, the industry concentration component (61.7) 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.