NAICS 23

Construction in Peoria, IL

Metro Market Score 50.9 (Challenging), ranked #204 of 342 metros. 780 establishments, 8,178 jobs.

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

Within Illinois

#7 of 8

construction metros in state

Illinois state rank

#34 of 51

for construction entry risk

vs State Median

+0.9

worse than median (50.0)

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

Retail Trade 42.4 Other Services 61.6

Construction in Other Illinois Metros

Kankakee 27.1 #25/342 Springfield 38.9 #94/342 Rockford 39.4 #104/342 Champaign-Urbana 49.7 #187/342 Decatur 50.0 #193/342 Bloomington 50.9 #202/342 Chicago-Naperville-Elgin 61.1 #291/342

Construction Metros With Similar Conditions

Metros within 5 points of Peoria's 50.9 score. Useful when comparing markets with comparable entry profiles.

Bloomington, IL 50.9 #202/342 Pittsburgh, PA 50.9 #203/342 Redding, CA 50.9 #205/342 Casper, WY 51.0 #206/342 Jefferson City, MO 50.8 #201/342 Buffalo-Cheektowaga, NY 51.1 #207/342 Manchester-Nashua, NH 50.7 #200/342 Mankato, MN 51.1 #208/342 Fort Wayne, IN 51.4 #209/342 Indianapolis-Carmel-Greenwood, IN 51.4 #210/342

Construction in States Bordering Illinois

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

Wisconsin 25.1 #1/51 Iowa 34.3 #7/51 Indiana 35.0 #11/51 Kentucky 39.8 #19/51 Missouri 54.6 #43/51

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 Peoria's construction sector, the wage competitiveness component (76.9) 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 Peoria, IL MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment