NAICS 23

Construction in Elkhart-Goshen, IN

Metro Market Score 44.3 (Moderate), ranked #140 of 342 metros. 550 establishments, 4,204 jobs.

Metro Market Score 44.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national construction average.

Construction employment in Elkhart-Goshen contracted year-over-year, placing the growth trend in the upper half at 16.7. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration

7.6

LQ: 0.63

Rank #26 of 342 metros

Wage Competitiveness

46.8

$71,712 avg wage

Growth Trend

↓ 16.7

Employment growth index

Rank #286 of 342 metros

Wage Pressure

28.6

YoY wage change index

550 Construction Firms in Elkhart-Goshen

550

Establishments

+7.0% YoY

4,204

Total Employment

-2.1% YoY

$71,712

Average Annual Wage

+2.3% YoY

0.63

Location Quotient

Below national avg

Within Indiana

#5 of 12

construction metros in state

Indiana state rank

#11 of 51

for construction entry risk

vs State Median

-7.0

better than median (51.4)

Elkhart-Goshen vs Indiana Statewide

How this metro's construction market compares to Indiana overall. The state ranks #11/51 for entry risk.

Measure	Elkhart-Goshen	IN Statewide
Overall Score	44.3 Moderate	35.0 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#140 of 342 metros	#11 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 Elkhart-Goshen

Information 17.4 Professional, Scientific, and Technical Services 19.7 Real Estate and Rental and Leasing 21.4 Finance and Insurance 26.5 Healthcare and Social Assistance 35.9 Administrative and Support Services 41.5 Accommodation and Food Services 46.0 Retail Trade 48.1 Other Services 52.7

Construction in Other Indiana Metros

Muncie 29.5 #37/342 Lafayette-West Lafayette 32.3 #54/342 Bloomington 37.2 #79/342 Columbus 40.4 #110/342 South Bend-Mishawaka 48.4 #176/342 Fort Wayne 51.4 #209/342 Indianapolis-Carmel-Greenwood 51.4 #210/342 Kokomo 56.5 #261/342 Michigan City-La Porte 59.4 #278/342 Terre Haute 64.1 #307/342

+ 1 more metros. View all in Indiana →

Construction Metros With Similar Conditions

Metros within 5 points of Elkhart-Goshen's 44.3 score. Useful when comparing markets with comparable entry profiles.

Janesville-Beloit, WI 44.4 #141/342 Amherst Town-Northampton, MA 44.4 #142/342 Texarkana, TX 44.4 #143/342 Owensboro, KY 44.5 #144/342 Greenville-Anderson-Greer, SC 44.2 #139/342 Santa Fe, NM 44.1 #138/342 Sebastian-Vero Beach-West Vero Corridor, FL 43.9 #137/342 Utica-Rome, NY 43.9 #136/342 Savannah, GA 43.8 #135/342 Crestview-Fort Walton Beach-Destin, FL 44.9 #145/342

Construction in States Bordering Indiana

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

Michigan 28.0 #2/51 Kentucky 39.8 #19/51 Ohio 41.7 #24/51 Illinois 49.1 #34/51

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 Elkhart-Goshen's construction sector, the employment growth component (83.3) 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Elkhart-Goshen, IN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment