NAICS 23

Construction in Winston-Salem, NC

Metro Market Score 35.4 (Moderate), ranked #67 of 342 metros. 1,945 establishments, 13,320 jobs.

Metro Market Assessment

Metro Market Score 35.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national construction average.

📈Rapid Growth

Employment in Winston-Salem's construction sector grew faster than most metros last year, pushing its growth trend index to 75.2. Combined with a 35.4 market score, this metro sits in the top quartile for overall conditions.

Industry Concentration
47.1
LQ: 0.94
Rank #161 of 342 metros
Wage Competitiveness
31.9
$68,175 avg wage
Growth Trend
↑ 75.2
Employment growth index
Rank #86 of 342 metros
Wage Pressure
40.8
YoY wage change index

1,945 Construction Firms in Winston-Salem

1,945
Establishments
+0.8% YoY
13,320
Total Employment
+5.1% YoY
$68,175
Average Annual Wage
+7.3% YoY
0.94
Location Quotient
Below national avg

Winston-Salem vs North Carolina Statewide

How this metro's construction market compares to North Carolina overall. The state ranks #15/51 for entry risk.

Measure Winston-Salem NC Statewide
Overall Score 35.4 Moderate 38.2 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #67 of 342 metros #15 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 Winston-Salem

Other Services 31.6 Information 34.6 Real Estate and Rental and Leasing 39.9 Accommodation and Food Services 53.4 Retail Trade 60.3 Administrative and Support Services 62.8 Healthcare and Social Assistance 63.5 Finance and Insurance 77.7

Construction in Other North Carolina Metros

Hickory-Lenoir-Morganton 19.7 #10/342 Greenville 29.9 #40/342 Durham-Chapel Hill 31.9 #52/342 Wilmington 35.6 #68/342 Goldsboro 36.6 #73/342 Jacksonville 37.8 #83/342 Pinehurst-Southern Pines 39.4 #102/342 Greensboro-High Point 43.0 #128/342 Rocky Mount 43.5 #134/342 Fayetteville 49.2 #183/342

+ 3 more metros. View all in North Carolina →

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 Winston-Salem's construction sector, the industry concentration component (47.1) 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.