NAICS 23

Construction in Tampa-St. Petersburg-Clearwater, FL

Metro Market Score 52.0 (Challenging), ranked #212 of 342 metros. 11,488 establishments, 92,006 jobs.

Metro Market Assessment

Metro Market Score 52.0
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

ⓘ Lower is better. Relative to national construction average.

Despite a mature construction presence (concentration: 74.3), Tampa-St. Petersburg-Clearwater is still adding jobs in this sector. Growth trend sits at 51.5, and the overall 52.0 market score lands in the lower half. Established markets with growth are worth a closer look.

Industry Concentration
74.3
LQ: 1.22
Rank #254 of 342 metros
Wage Competitiveness
45.3
$71,397 avg wage
Growth Trend
51.5
Employment growth index
Rank #167 of 342 metros
Wage Pressure
37.6
YoY wage change index

11,488 Construction Firms in Tampa-St. Petersburg-Clearwater

11,488
Establishments
+3.0% YoY
92,006
Total Employment
+2.0% YoY
$71,397
Average Annual Wage
+6.0% YoY
1.22
Location Quotient
Above national avg

Tampa-St. Petersburg-Clearwater vs Florida Statewide

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

Measure Tampa-St. Petersburg-Clearwater FL Statewide
Overall Score 52.0 Challenging 54.5 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #212 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 Tampa-St. Petersburg-Clearwater

Other Services 48.7 Healthcare and Social Assistance 57.0 Retail Trade 57.6 Professional, Scientific, and Technical Services 60.3 Real Estate and Rental and Leasing 61.1 Information 61.6 Finance and Insurance 66.8 Accommodation and Food Services 70.4 Administrative and Support Services 79.2

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 Tampa-St. Petersburg-Clearwater's construction sector, the industry concentration component (74.3) 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.