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 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

Within Florida

#11 of 22

construction metros in state

Florida state rank

#42 of 51

for construction entry risk

vs State Median

-0.0

better than median (46.4)

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 →

Construction Metros With Similar Conditions

Metros within 5 points of Miami-Fort Lauderdale-West Palm Beach's 46.4 score. Useful when comparing markets with comparable entry profiles.

Fort Smith, AR 46.4 #159/342 Stockton-Lodi, CA 46.4 #161/342 Cape Coral-Fort Myers, FL 46.4 #162/342 Canton-Massillon, OH 46.3 #158/342 Columbus, OH 46.2 #157/342 Rochester, MN 46.2 #156/342 Dayton-Kettering-Beavercreek, OH 46.1 #155/342 State College, PA 46.0 #154/342 Cleveland, OH 47.0 #163/342 Mobile, AL 45.8 #153/342

Construction in States Bordering Florida

State-level entry risk for construction in adjacent states. Use this to weigh cross-border options.

Alabama 30.3 #4/51 Georgia 42.1 #25/51

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 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Miami-Fort Lauderdale-West Palm Beach, FL MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment