NAICS 23

Construction in Vermont: 2026 Market Risk Report

Entry risk 40.0 (Moderate), ranked #21 of 51 states. 3,028 establishments, 16,196 jobs.

Entry Risk Assessment

Entry Risk Score 40.0
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

ⓘ Lower is better. Relative to national construction average.

🛡️Stable Market

Vermont exhibits structural stability in construction, with volatility at 7.3 and firm retention ranking in the top 10. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
88.2%
Percentile within industry
Rank #7 of 51 states
Growth Momentum
5.4
Scale of 0-100
Rank #49 of 51 states
Establishment Density
50.1
vs. national average
Rank #44 of 51 states
Market Volatility
7.3
Lower is more stable
Wage Pressure Index
77.5
Labor cost pressure

3,028 Establishments in Vermont

3,028
Establishments
+1.2% YoY
16,196
Total Employment
+2.4% YoY
$70,362
Average Annual Wage
+7.2% YoY

Vermont vs National Construction Average

How Vermont's construction market compares to the national average across all 51 states.

Metric VT National Difference
Entry Risk Score 40.0 44.2 -4.2
5-Year Retention 88.2% 51.0% +37.2
Growth Momentum 5.4 30.9 -25.5
Market Volatility 7.3 20.9 -13.6
Establishment Density 50.1 24.6 +25.5
Wage Pressure 77.5 57.1 +20.4

Green = favorable vs national average. Red = less favorable. Metrics are relative within construction only.

Vermont Ranks #21 of 51 for Construction

Vermont ranks #21 out of 51 states for construction market entry conditions.

Construction Entry Risk by State

Rank State Risk Score Classification
#1 Wisconsin 25.1 low
#2 Michigan 28.0 low
#3 Pennsylvania 28.4 low
#4 Alabama 30.3 moderate
#5 Nebraska 32.5 moderate
#21 Vermont You 40.0 moderate
Entry Risk by State Alaska — 60.9 · #50 Alabama — 30.3 · #4 Arkansas — 34.3 · #8 Arizona — 38.6 · #16 California — 47.8 · #32 Colorado — 53.2 · #40 Connecticut — 43.2 · #27 District of Columbia — 56.9 · #45 Delaware — 43.0 · #26 Florida — 54.5 · #42 Georgia — 42.1 · #25 Hawaii — 61.1 · #51 Iowa — 34.3 · #7 Idaho — 58.4 · #48 Illinois — 49.1 · #34 Indiana — 35.0 · #11 Kansas — 51.5 · #38 Kentucky — 39.8 · #19 Louisiana — 53.6 · #41 Massachusetts — 41.5 · #23 Maryland — 35.0 · #12 Maine — 35.5 · #13 Michigan — 28.0 · #2 Minnesota — 37.3 · #14 Missouri — 54.6 · #43 Mississippi — 50.8 · #36 Montana — 45.0 · #28 North Carolina — 38.2 · #15 North Dakota — 58.3 · #47 Nebraska — 32.5 · #5 New Hampshire — 32.6 · #6 New Jersey — 48.3 · #33 New Mexico — 47.4 · #31 Nevada — 39.8 · #20 New York — 51.1 · #37 Ohio — 41.7 · #24 Oklahoma — 52.2 · #39 Oregon — 54.8 · #44 Pennsylvania — 28.4 · #3 Rhode Island — 38.8 · #17 South Carolina — 47.0 · #30 South Dakota — 34.7 · #9 Tennessee — 34.8 · #10 Texas — 46.3 · #29 Utah — 40.1 · #22 Virginia — 39.0 · #18 Vermont — 40.0 · #21 Washington — 58.1 · #46 Wisconsin — 25.1 · #1 West Virginia — 49.5 · #35 Wyoming — 59.3 · #49
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Vermont stack up against other states for construction?

Select a state above to see the comparison

Construction in Neighboring States

How Vermont's construction market compares to bordering states.

New Hampshire 32.6 #6/51 Massachusetts 41.5 #23/51 New York 51.1 #37/51

Other Industries in Vermont

Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →