NAICS 23

Construction in Kokomo, IN

Metro Market Score 56.5 (Challenging), ranked #261 of 342 metros. 154 establishments, 1,961 jobs.

Metro Market Score 56.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market📈Rapid Growth⚡Rising Wages

Wage costs in Kokomo's construction sector are well above the metro average, with wage competitiveness at 86.3 and rising pressure at 100.0. New entrants should factor higher labor costs into their financial projections for this market.

Industry Concentration

59.6

LQ: 1.04

Rank #204 of 342 metros

Wage Competitiveness

86.3

$84,357 avg wage

Growth Trend

↑ 100.0

Employment growth index

Rank #1 of 342 metros

Wage Pressure

100.0

YoY wage change index

154 Construction Firms in Kokomo

154

Establishments

+4.8% YoY

1,961

Total Employment

+52.0% YoY

$84,357

Average Annual Wage

+31.7% YoY

1.04

Location Quotient

Above national avg

Within Indiana

#9 of 12

construction metros in state

Indiana state rank

#11 of 51

for construction entry risk

vs State Median

+5.1

worse than median (51.4)

Kokomo vs Indiana Statewide

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

Measure	Kokomo	IN Statewide
Overall Score	56.5 Challenging	35.0 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#261 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 Kokomo

Real Estate and Rental and Leasing 20.5 Information 27.0 Healthcare and Social Assistance 34.6 Professional, Scientific, and Technical Services 35.5 Administrative and Support Services 43.2 Finance and Insurance 44.3 Retail Trade 48.8 Other Services 52.7 Accommodation and Food Services 61.9

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 Elkhart-Goshen 44.3 #140/342 South Bend-Mishawaka 48.4 #176/342 Fort Wayne 51.4 #209/342 Indianapolis-Carmel-Greenwood 51.4 #210/342 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 Kokomo's 56.5 score. Useful when comparing markets with comparable entry profiles.

Dallas-Fort Worth-Arlington, TX 56.4 #260/342 Albany, OR 56.4 #259/342 Waterbury-Shelton, CT 56.6 #262/342 Asheville, NC 56.7 #263/342 Colorado Springs, CO 56.2 #258/342 Albuquerque, NM 56.1 #257/342 Raleigh-Cary, NC 56.1 #256/342 Charlotte-Concord-Gastonia, NC 56.0 #255/342 St. Joseph, MO 56.0 #254/342 Lincoln, NE 55.7 #253/342

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 Kokomo's construction sector, the wage competitiveness component (86.3) 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 Kokomo, IN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment