NAICS 23

Construction in Monroe, MI

Metro Market Score 45.3 (Moderate), ranked #148 of 342 metros. 278 establishments, 1,940 jobs.

Metro Market Score 45.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market📈Rapid Growth

Monroe ranks in the upper half for construction market conditions, driven by above-average employment growth. With a market score of 45.3, conditions are relatively favorable compared to most metros.

Industry Concentration

39.8

LQ: 0.90

Rank #136 of 342 metros

Wage Competitiveness

78.7

$80,151 avg wage

Growth Trend

↑ 76.0

Employment growth index

Rank #83 of 342 metros

Wage Pressure

42.7

YoY wage change index

278 Construction Firms in Monroe

278

Establishments

-9.7% YoY

1,940

Total Employment

+5.3% YoY

$80,151

Average Annual Wage

+8.1% YoY

0.90

Location Quotient

Below national avg

Within Michigan

#7 of 14

construction metros in state

Michigan state rank

#2 of 51

for construction entry risk

vs State Median

-1.7

better than median (47.1)

Monroe vs Michigan Statewide

How this metro's construction market compares to Michigan overall. The state ranks #2/51 for entry risk.

Measure	Monroe	MI Statewide
Overall Score	45.3 Moderate	28.0 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#148 of 342 metros	#2 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

Information 15.5 Finance and Insurance 17.3 Real Estate and Rental and Leasing 19.6 Healthcare and Social Assistance 27.3 Accommodation and Food Services 43.1 Other Services 52.0 Retail Trade 55.1 Administrative and Support Services 72.5

Construction in Other Michigan Metros

Bay City 23.9 #14/342 Jackson 36.9 #78/342 Lansing-East Lansing 39.8 #108/342 Battle Creek 41.8 #120/342 Muskegon-Norton Shores 42.0 #121/342 Ann Arbor 42.6 #125/342 Flint 47.1 #164/342 Detroit-Warren-Dearborn 50.0 #194/342 Niles 50.1 #196/342 Traverse City 53.7 #231/342

+ 3 more metros. View all in Michigan →

Construction Metros With Similar Conditions

Metros within 5 points of Monroe's 45.3 score. Useful when comparing markets with comparable entry profiles.

Decatur, AL 45.4 #149/342 Pensacola-Ferry Pass-Brent, FL 45.4 #150/342 Grand Forks, ND 45.5 #151/342 Farmington, NM 45.2 #147/342 Harrisburg-Carlisle, PA 45.7 #152/342 Corvallis, OR 45.0 #146/342 Crestview-Fort Walton Beach-Destin, FL 44.9 #145/342 Mobile, AL 45.8 #153/342 State College, PA 46.0 #154/342 Dayton-Kettering-Beavercreek, OH 46.1 #155/342

Construction in States Bordering Michigan

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

Wisconsin 25.1 #1/51 Indiana 35.0 #11/51 Ohio 41.7 #24/51

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 wage competitiveness component (78.7) 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, MI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment