NAICS 23

Construction in Monroe, LA

Metro Market Score 26.3 (Favorable), ranked #22 of 342 metros. 622 establishments, 4,709 jobs.

Metro Market Score 26.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

ⓘ Lower is better. Relative to national construction average.

📈Rapid Growth✓Favorable Market

Monroe ranks in the top 10% for construction market conditions, driven by above-average employment growth. With a market score of 26.3, conditions are relatively favorable compared to most metros.

Industry Concentration

58.8

LQ: 1.03

Rank #201 of 342 metros

Wage Competitiveness

10.5

$59,465 avg wage

Growth Trend

↑ 99.1

Employment growth index

Rank #4 of 342 metros

Wage Pressure

43.5

YoY wage change index

622 Construction Firms in Monroe

622

Establishments

+23.7% YoY

4,709

Total Employment

+22.1% YoY

$59,465

Average Annual Wage

+8.4% YoY

1.03

Location Quotient

Above national avg

Within Louisiana

#1 of 8

construction metros in state

Louisiana state rank

#41 of 51

for construction entry risk

vs State Median

-25.7

better than median (52.0)

Monroe vs Louisiana Statewide

How this metro's construction market compares to Louisiana overall. The state ranks #41/51 for entry risk.

Measure	Monroe	LA Statewide
Overall Score	26.3 Favorable	53.6 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#22 of 342 metros	#41 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 Monroe

Real Estate and Rental and Leasing 20.5 Finance and Insurance 32.0 Other Services 33.9 Retail Trade 34.0 Information 60.0

Construction in Other Louisiana Metros

Hammond 29.7 #38/342 Lake Charles 49.1 #181/342 Slidell-Mandeville-Covington 50.3 #198/342 Shreveport-Bossier City 52.0 #213/342 Alexandria 54.4 #236/342 Houma-Bayou Cane-Thibodaux 58.3 #274/342 Lafayette 63.4 #304/342

Construction Metros With Similar Conditions

Metros within 5 points of Monroe's 26.3 score. Useful when comparing markets with comparable entry profiles.

Florence, SC 26.4 #23/342 Johnstown, PA 26.0 #21/342 Tuscaloosa, AL 26.6 #24/342 Ames, IA 25.8 #20/342 Eagle Pass, TX 25.7 #19/342 Kankakee, IL 27.1 #25/342 Dothan, AL 27.3 #26/342 Jackson, MS 25.1 #18/342 Tallahassee, FL 27.6 #27/342 Atlantic City-Hammonton, NJ 27.9 #28/342

Construction in States Bordering Louisiana

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

Arkansas 34.3 #8/51 Texas 46.3 #29/51 Mississippi 50.8 #36/51

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 Monroe's construction sector, the industry concentration component (58.8) 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 Monroe, LA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment