NAICS 23
Construction in Cedar Rapids, IA
Metro Market Score 49.8 (Challenging), ranked #190 of 342 metros. 763 establishments, 8,848 jobs.
Metro Market Assessment
Metro Market Score 49.8
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging
Lower is better. Relative to national construction average.
Cedar Rapids pairs above-average construction concentration (73.4) with positive employment growth (trend: 64.3). The market is competitive but still expanding, leaving room for well-positioned new entrants.
Industry Concentration
73.4
LQ: 1.22
Rank #251 of 342 metros
Wage Competitiveness
57.6
$73,989 avg wage
Growth Trend
↑ 64.3
Employment growth index
Rank #123 of 342 metros
Wage Pressure
31.6
YoY wage change index
763 Construction Firms in Cedar Rapids
763
Establishments
-1.2% YoY
8,848
Total Employment
+3.8% YoY
$73,989
Average Annual Wage
+3.5% YoY
1.22
Location Quotient
Above national avg
Cedar Rapids vs Iowa Statewide
How this metro's construction market compares to Iowa overall. The state ranks #7/51 for entry risk.
| Measure | Cedar Rapids | IA Statewide |
|---|---|---|
| Overall Score | 49.8 Challenging | 34.3 Moderate |
| Score Type | Metro Market Score | Entry Risk Score |
| Rank | #190 of 342 metros | #7 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 Cedar Rapids
Construction in Other Iowa 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 Cedar Rapids, IA MSA area.
Data period: 2024. Last updated: April 2026.