NAICS 23

Construction in Minneapolis-St. Paul-Bloomington, MN

Metro Market Score 59.5 (Challenging), ranked #279 of 342 metros. 9,370 establishments, 88,959 jobs.

Metro Market Score 59.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market

Minneapolis-St. Paul-Bloomington scores 59.5 on the Metro Market Score for construction, placing it in the bottom quartile. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration

35.7

LQ: 0.88

Rank #122 of 342 metros

Wage Competitiveness

97.4

$94,566 avg wage

Growth Trend

↓ 37.1

Employment growth index

Rank #216 of 342 metros

Wage Pressure

36.6

YoY wage change index

9,370 Construction Firms in Minneapolis-St. Paul-Bloomington

9,370

Establishments

+0.3% YoY

88,959

Total Employment

+0.1% YoY

$94,566

Average Annual Wage

+5.6% YoY

0.88

Location Quotient

Below national avg

Within Minnesota

#3 of 5

construction metros in state

Minnesota state rank

#14 of 51

for construction entry risk

vs State Median

0.0

matches median (59.5)

Minneapolis-St. Paul-Bloomington vs Minnesota Statewide

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

Measure	Minneapolis-St. Paul-Bloomington	MN Statewide
Overall Score	59.5 Challenging	37.3 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#279 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 Minneapolis-St. Paul-Bloomington

Accommodation and Food Services 45.5 Retail Trade 46.1 Other Services 61.3 Real Estate and Rental and Leasing 62.4 Information 64.3 Finance and Insurance 80.5

Construction in Other Minnesota Metros

Rochester 46.2 #156/342 Mankato 51.1 #208/342 St. Cloud 62.4 #298/342 Duluth 65.2 #313/342

Construction Metros With Similar Conditions

Metros within 5 points of Minneapolis-St. Paul-Bloomington's 59.5 score. Useful when comparing markets with comparable entry profiles.

Rochester, NY 59.5 #280/342 New Haven, CT 59.5 #281/342 Michigan City-La Porte, IN 59.4 #278/342 Wildwood-The Villages, FL 59.3 #277/342 Augusta-Richmond County, GA 59.8 #282/342 Sumter, SC 59.9 #283/342 Lancaster, PA 59.0 #276/342 Greeley, CO 60.0 #284/342 Myrtle Beach-Conway-North Myrtle Beach, SC 60.0 #285/342 Syracuse, NY 58.5 #275/342

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 Minneapolis-St. Paul-Bloomington's construction sector, the wage competitiveness component (97.4) 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 Minneapolis-St. Paul-Bloomington, MN-WI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment