NAICS 23

Construction in Monroe, MI

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

Metro Market Assessment

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

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 →

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

Data period: 2024. Last updated: April 2026.