NAICS 23

Construction in Springfield, MO

Metro Market Score 40.6 (Moderate), ranked #111 of 342 metros. 1,378 establishments, 10,663 jobs.

Metro Market Score 40.6

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national construction average.

Labor costs are a clear advantage in Springfield's construction sector. The wage competitiveness index of 15.2 puts it among the lowest-cost metros, and wage pressure at 36.6 suggests that gap is holding steady.

Industry Concentration

42.7

LQ: 0.92

Rank #146 of 342 metros

Wage Competitiveness

15.2

$62,220 avg wage

Growth Trend

↓ 37.4

Employment growth index

Rank #215 of 342 metros

Wage Pressure

36.6

YoY wage change index

1,378 Construction Firms in Springfield

1,378

Establishments

+1.2% YoY

10,663

Total Employment

+0.1% YoY

$62,220

Average Annual Wage

+5.6% YoY

0.92

Location Quotient

Below national avg

Within Missouri

#3 of 6

construction metros in state

Missouri state rank

#43 of 51

for construction entry risk

vs State Median

-10.2

better than median (50.8)

Springfield vs Missouri Statewide

How this metro's construction market compares to Missouri overall. The state ranks #43/51 for entry risk.

Measure	Springfield	MO Statewide
Overall Score	40.6 Moderate	54.6 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#111 of 342 metros	#43 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 Springfield

Real Estate and Rental and Leasing 40.3 Other Services 41.5 Retail Trade 48.1 Finance and Insurance 58.8

Construction in Other Missouri Metros

Columbia 19.8 #11/342 Joplin 29.0 #33/342 Jefferson City 50.8 #201/342 St. Joseph 56.0 #254/342 Kansas City 57.9 #271/342

Construction Metros With Similar Conditions

Metros within 5 points of Springfield's 40.6 score. Useful when comparing markets with comparable entry profiles.

Williamsport, PA 40.7 #112/342 Columbus, IN 40.4 #110/342 Oklahoma City, OK 40.7 #113/342 Athens-Clarke County, GA 40.0 #109/342 Lake Havasu City-Kingman, AZ 41.2 #114/342 Tyler, TX 41.2 #115/342 Lansing-East Lansing, MI 39.8 #108/342 Waco, TX 39.8 #107/342 Parkersburg-Vienna, WV 41.4 #116/342 Eau Claire, WI 41.4 #117/342

Construction in States Bordering Missouri

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

Nebraska 32.5 #5/51 Iowa 34.3 #7/51 Arkansas 34.3 #8/51 Tennessee 34.8 #10/51 Kentucky 39.8 #19/51 Illinois 49.1 #34/51 Kansas 51.5 #38/51 Oklahoma 52.2 #39/51

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 Springfield's construction sector, the employment growth component (62.6) 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 Springfield, MO MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment