NAICS 23

Construction in Mankato, MN

Metro Market Score 51.1 (Challenging), ranked #208 of 342 metros. 325 establishments, 2,290 jobs.

Metro Market Score 51.1

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

At #208 of 342 metros, Mankato's construction sector scores 51.1 on the market index. Concentration (20.8), wage levels (66.1), and growth (24.0) all track close to the median. Local factors like lease costs and client access will matter more than macro signals.

Industry Concentration

20.8

LQ: 0.78

Rank #71 of 342 metros

Wage Competitiveness

66.1

$76,077 avg wage

Growth Trend

↓ 24.0

Employment growth index

Rank #261 of 342 metros

Wage Pressure

33.0

YoY wage change index

325 Construction Firms in Mankato

325

Establishments

+2.2% YoY

2,290

Total Employment

-1.0% YoY

$76,077

Average Annual Wage

+4.1% YoY

0.78

Location Quotient

Below national avg

Within Minnesota

#2 of 5

construction metros in state

Minnesota state rank

#14 of 51

for construction entry risk

vs State Median

-8.3

better than median (59.5)

Mankato vs Minnesota Statewide

How this metro's construction market compares to Minnesota overall. The state ranks #14/51 for entry risk.

Measure	Mankato	MN Statewide
Overall Score	51.1 Challenging	37.3 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#208 of 342 metros	#14 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 Mankato

Accommodation and Food Services 32.8 Real Estate and Rental and Leasing 33.8 Finance and Insurance 41.0 Other Services 46.9 Information 54.3 Retail Trade 57.4

Construction in Other Minnesota Metros

Rochester 46.2 #156/342 Minneapolis-St. Paul-Bloomington 59.5 #279/342 St. Cloud 62.4 #298/342 Duluth 65.2 #313/342

Construction Metros With Similar Conditions

Metros within 5 points of Mankato's 51.1 score. Useful when comparing markets with comparable entry profiles.

Buffalo-Cheektowaga, NY 51.1 #207/342 Casper, WY 51.0 #206/342 Redding, CA 50.9 #205/342 Peoria, IL 50.9 #204/342 Bloomington, IL 50.9 #202/342 Pittsburgh, PA 50.9 #203/342 Fort Wayne, IN 51.4 #209/342 Indianapolis-Carmel-Greenwood, IN 51.4 #210/342 Kingston, NY 51.5 #211/342 Jefferson City, MO 50.8 #201/342

Construction in States Bordering Minnesota

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

Wisconsin 25.1 #1/51 Iowa 34.3 #7/51 South Dakota 34.7 #9/51 North Dakota 58.3 #47/51

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 Mankato's construction sector, the employment growth component (76.0) 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 Mankato, MN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment