NAICS 23

Construction in Albany, OR

Metro Market Score 56.4 (Challenging), ranked #259 of 342 metros. 474 establishments, 3,191 jobs.

Metro Market Score 56.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

Market conditions for construction in Albany are tougher than average. The 56.4 market score reflects a combination of moderate wages, mixed growth signals, and an already crowded field. Rank: #259 of 342 metros.

Industry Concentration

76.3

LQ: 1.25

Rank #261 of 342 metros

Wage Competitiveness

51.2

$72,599 avg wage

Growth Trend

↓ 43.0

Employment growth index

Rank #196 of 342 metros

Wage Pressure

36.9

YoY wage change index

474 Construction Firms in Albany

474

Establishments

-0.6% YoY

3,191

Total Employment

+1.1% YoY

$72,599

Average Annual Wage

+5.7% YoY

1.25

Location Quotient

Above national avg

Within Oregon

#6 of 8

construction metros in state

Oregon state rank

#44 of 51

for construction entry risk

vs State Median

+1.6

worse than median (54.8)

Albany vs Oregon Statewide

How this metro's construction market compares to Oregon overall. The state ranks #44/51 for entry risk.

Measure	Albany	OR Statewide
Overall Score	56.4 Challenging	54.8 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#259 of 342 metros	#44 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 Albany

Real Estate and Rental and Leasing 17.1 Healthcare and Social Assistance 33.6 Accommodation and Food Services 36.3 Finance and Insurance 37.1 Administrative and Support Services 41.1 Information 43.8 Professional, Scientific, and Technical Services 46.6 Other Services 54.4 Retail Trade 60.5

Construction in Other Oregon Metros

Grants Pass 36.8 #76/342 Corvallis 45.0 #146/342 Bend 47.8 #171/342 Eugene-Springfield 53.9 #233/342 Medford 54.8 #243/342 Salem 63.0 #299/342 Portland-Vancouver-Hillsboro 67.3 #320/342

Construction Metros With Similar Conditions

Metros within 5 points of Albany's 56.4 score. Useful when comparing markets with comparable entry profiles.

Dallas-Fort Worth-Arlington, TX 56.4 #260/342 Kokomo, IN 56.5 #261/342 Colorado Springs, CO 56.2 #258/342 Albuquerque, NM 56.1 #257/342 Raleigh-Cary, NC 56.1 #256/342 Waterbury-Shelton, CT 56.6 #262/342 Charlotte-Concord-Gastonia, NC 56.0 #255/342 Asheville, NC 56.7 #263/342 St. Joseph, MO 56.0 #254/342 Lincoln, NE 55.7 #253/342

Construction in States Bordering Oregon

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

Nevada 39.8 #20/51 California 47.8 #32/51 Washington 58.1 #46/51 Idaho 58.4 #48/51

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 Albany's construction sector, the industry concentration component (76.3) 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 Albany, OR MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment