NAICS 23
Construction in Peoria, IL
Metro Market Score 50.9 (Challenging), ranked #204 of 342 metros. 780 establishments, 8,178 jobs.
Metro Market Assessment
Metro Market Score 50.9
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging
Lower is better. Relative to national construction average.
High-Cost Market
Construction conditions in Peoria are mixed. The 50.9 market score puts it at #204 of 342, with no metric pulling sharply in either direction. Wages, growth, and competition are all within a normal range for this industry.
Industry Concentration
44.4
LQ: 0.93
Rank #152 of 342 metros
Wage Competitiveness
76.9
$79,746 avg wage
Growth Trend
51.2
Employment growth index
Rank #168 of 342 metros
Wage Pressure
29.6
YoY wage change index
780 Construction Firms in Peoria
780
Establishments
+0.0% YoY
8,178
Total Employment
+2.0% YoY
$79,746
Average Annual Wage
+2.7% YoY
0.93
Location Quotient
Below national avg
Peoria vs Illinois Statewide
How this metro's construction market compares to Illinois overall. The state ranks #34/51 for entry risk.
| Measure | Peoria | IL Statewide |
|---|---|---|
| Overall Score | 50.9 Challenging | 49.1 Elevated |
| Score Type | Metro Market Score | Entry Risk Score |
| Rank | #204 of 342 metros | #34 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 Peoria
Construction in Other Illinois Metros
Data Sources
- Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Peoria, IL MSA area.
Data period: 2024. Last updated: April 2026.