NAICS 23

Construction in Palm Bay-Melbourne-Titusville, FL

Metro Market Score 64.4 (Difficult), ranked #310 of 342 metros. 2,061 establishments, 16,830 jobs.

Metro Market Assessment

Metro Market Score 64.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

ⓘ Lower is better. Relative to national construction average.

Construction employment in Palm Bay-Melbourne-Titusville contracted year-over-year, placing the growth trend in the bottom 10% at 7.0. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration
82.5
LQ: 1.32
Rank #282 of 342 metros
Wage Competitiveness
34.8
$69,216 avg wage
Growth Trend
↓ 7.0
Employment growth index
Rank #319 of 342 metros
Wage Pressure
36.2
YoY wage change index

2,061 Construction Firms in Palm Bay-Melbourne-Titusville

2,061
Establishments
-1.2% YoY
16,830
Total Employment
-5.9% YoY
$69,216
Average Annual Wage
+5.4% YoY
1.32
Location Quotient
Above national avg

Palm Bay-Melbourne-Titusville vs Florida Statewide

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

Measure Palm Bay-Melbourne-Titusville FL Statewide
Overall Score 64.4 Difficult 54.5 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #310 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 Palm Bay-Melbourne-Titusville

Healthcare and Social Assistance 38.4 Real Estate and Rental and Leasing 38.7 Finance and Insurance 41.4 Information 42.0 Retail Trade 47.7 Other Services 48.6 Professional, Scientific, and Technical Services 54.1 Accommodation and Food Services 57.6 Administrative and Support Services 75.0

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 Palm Bay-Melbourne-Titusville's construction sector, the employment growth component (93.0) 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.