NAICS 23

Construction in Maryland: 2026 Market Risk Report

Entry risk 35.0 (Moderate), ranked #12 of 51 states. 16,372 establishments, 164,323 jobs.

Entry Risk Assessment

Entry Risk Score 35.0
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

ⓘ Lower is better. Relative to national construction average.

🛡️Stable Market

The construction sector in Maryland is tracking close to the U.S. baseline, with no extreme signals in volatility, saturation, or wage pressure. Entry conditions are within the national median range.

5-Year Firm Retention
64.7%
Percentile within industry
Rank #19 of 51 states
Growth Momentum
0.0
Scale of 0-100
Rank #51 of 51 states
Establishment Density
12.4
vs. national average
Rank #21 of 51 states
Market Volatility
7.8
Lower is more stable
Wage Pressure Index
31.3
Labor cost pressure

16,372 Establishments in Maryland

16,372
Establishments
+0.4% YoY
164,323
Total Employment
+1.7% YoY
$82,207
Average Annual Wage
+3.5% YoY

Maryland vs National Construction Average

How Maryland's construction market compares to the national average across all 51 states.

Metric MD National Difference
Entry Risk Score 35.0 44.2 -9.2
5-Year Retention 64.7% 51.0% +13.7
Growth Momentum 0.0 30.9 -30.9
Market Volatility 7.8 20.9 -13.1
Establishment Density 12.4 24.6 -12.2
Wage Pressure 31.3 57.1 -25.9

Green = favorable vs national average. Red = less favorable. Metrics are relative within construction only.

Maryland Ranks #12 of 51 for Construction

Maryland ranks #12 out of 51 states for construction market entry conditions.

Construction Entry Risk by State

Rank State Risk Score Classification
#1 Wisconsin 25.1 low
#2 Michigan 28.0 low
#3 Pennsylvania 28.4 low
#4 Alabama 30.3 moderate
#5 Nebraska 32.5 moderate
#12 Maryland You 35.0 moderate
Entry Risk by State Alaska — 60.9 · #50 Alabama — 30.3 · #4 Arkansas — 34.3 · #8 Arizona — 38.6 · #16 California — 47.8 · #32 Colorado — 53.2 · #40 Connecticut — 43.2 · #27 District of Columbia — 56.9 · #45 Delaware — 43.0 · #26 Florida — 54.5 · #42 Georgia — 42.1 · #25 Hawaii — 61.1 · #51 Iowa — 34.3 · #7 Idaho — 58.4 · #48 Illinois — 49.1 · #34 Indiana — 35.0 · #11 Kansas — 51.5 · #38 Kentucky — 39.8 · #19 Louisiana — 53.6 · #41 Massachusetts — 41.5 · #23 Maryland — 35.0 · #12 Maine — 35.5 · #13 Michigan — 28.0 · #2 Minnesota — 37.3 · #14 Missouri — 54.6 · #43 Mississippi — 50.8 · #36 Montana — 45.0 · #28 North Carolina — 38.2 · #15 North Dakota — 58.3 · #47 Nebraska — 32.5 · #5 New Hampshire — 32.6 · #6 New Jersey — 48.3 · #33 New Mexico — 47.4 · #31 Nevada — 39.8 · #20 New York — 51.1 · #37 Ohio — 41.7 · #24 Oklahoma — 52.2 · #39 Oregon — 54.8 · #44 Pennsylvania — 28.4 · #3 Rhode Island — 38.8 · #17 South Carolina — 47.0 · #30 South Dakota — 34.7 · #9 Tennessee — 34.8 · #10 Texas — 46.3 · #29 Utah — 40.1 · #22 Virginia — 39.0 · #18 Vermont — 40.0 · #21 Washington — 58.1 · #46 Wisconsin — 25.1 · #1 West Virginia — 49.5 · #35 Wyoming — 59.3 · #49
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Maryland stack up against other states for construction?

Select a state above to see the comparison

Construction in Neighboring States

How Maryland's construction market compares to bordering states.

Pennsylvania 28.4 #3/51 Virginia 39.0 #18/51 Delaware 43.0 #26/51 West Virginia 49.5 #35/51 District of Columbia 56.9 #45/51

Other Industries in Maryland

Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →