NAICS 23

Construction in Springfield, IL

Metro Market Score 38.9 (Moderate), ranked #94 of 342 metros. 475 establishments, 3,560 jobs.

Metro Market Assessment

Metro Market Score 38.9
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

Lower is better. Relative to national construction average.

Springfield's construction market sits near the national metro median, ranking #94 of 342 with a market score of 38.9. No single metric stands out as an outlier, which means entry conditions depend more on your specific business model than on broad market forces.

Industry Concentration
4.4
LQ: 0.50
Rank #15 of 342 metros
Wage Competitiveness
50.6
$72,432 avg wage
Growth Trend
38.6
Employment growth index
Rank #211 of 342 metros
Wage Pressure
33.5
YoY wage change index

475 Construction Firms in Springfield

475
Establishments
-2.3% YoY
3,560
Total Employment
+0.3% YoY
$72,432
Average Annual Wage
+4.3% YoY
0.50
Location Quotient
Below national avg

Springfield vs Illinois Statewide

How this metro's construction market compares to Illinois overall. The state ranks #34/51 for entry risk.

Measure Springfield IL Statewide
Overall Score 38.9 Moderate 49.1 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #94 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 Springfield

Construction in Other Illinois Metros

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 Springfield's construction sector, the employment growth component (61.4) 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.