NAICS 23

Construction in Salt Lake City-Murray, UT

Metro Market Score 61.4 (Difficult), ranked #293 of 342 metros. 5,714 establishments, 56,171 jobs.

Metro Market Assessment

Metro Market Score 61.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

ⓘ Lower is better. Relative to national construction average.

Market conditions for construction in Salt Lake City-Murray are tougher than average. The 61.4 market score reflects a combination of high labor costs, mixed growth signals, and an already crowded field. Rank: #293 of 342 metros.

Industry Concentration
81.6
LQ: 1.31
Rank #279 of 342 metros
Wage Competitiveness
74.3
$78,056 avg wage
Growth Trend
50.6
Employment growth index
Rank #170 of 342 metros
Wage Pressure
38.1
YoY wage change index

5,714 Construction Firms in Salt Lake City-Murray

5,714
Establishments
+1.8% YoY
56,171
Total Employment
+1.9% YoY
$78,056
Average Annual Wage
+6.2% YoY
1.31
Location Quotient
Above national avg

Salt Lake City-Murray vs Utah Statewide

How this metro's construction market compares to Utah overall. The state ranks #22/51 for entry risk.

Measure Salt Lake City-Murray UT Statewide
Overall Score 61.4 Difficult 40.1 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #293 of 342 metros #22 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 Salt Lake City-Murray

Healthcare and Social Assistance 41.2 Accommodation and Food Services 44.2 Other Services 52.2 Real Estate and Rental and Leasing 56.7 Finance and Insurance 61.8 Retail Trade 62.5 Information 67.8 Professional, Scientific, and Technical Services 69.4 Administrative and Support Services 72.8

Construction in Other Utah Metros

Logan 33.4 #58/342 St. George 38.6 #93/342 Provo-Orem-Lehi 55.1 #249/342 Ogden 65.9 #316/342

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 Salt Lake City-Murray's construction sector, the industry concentration component (81.6) 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

Data period: 2024. Last updated: April 2026.