NAICS 23

Construction in Charlottesville, VA

Metro Market Score 52.9 (Challenging), ranked #223 of 342 metros. 640 establishments, 5,084 jobs.

Metro Market Assessment

Metro Market Score 52.9
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

ⓘ Lower is better. Relative to national construction average.

Charlottesville's construction sector saw employment decline over the past year (growth trend: 3.2). That contraction, combined with a 52.9 market score, puts this metro in the lower half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration
28.4
LQ: 0.85
Rank #97 of 342 metros
Wage Competitiveness
43.6
$71,045 avg wage
Growth Trend
↓ 3.2
Employment growth index
Rank #332 of 342 metros
Wage Pressure
29.4
YoY wage change index

640 Construction Firms in Charlottesville

640
Establishments
-12.0% YoY
5,084
Total Employment
-9.4% YoY
$71,045
Average Annual Wage
+2.6% YoY
0.85
Location Quotient
Below national avg

Charlottesville vs Virginia Statewide

How this metro's construction market compares to Virginia overall. The state ranks #18/51 for entry risk.

Measure Charlottesville VA Statewide
Overall Score 52.9 Challenging 39.0 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #223 of 342 metros #18 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 Charlottesville

Finance and Insurance 57.0 Information 57.1 Real Estate and Rental and Leasing 57.3 Retail Trade 59.8 Accommodation and Food Services 66.9 Other Services 68.6

Construction in Other Virginia Metros

Harrisonburg 38.2 #89/342 Lynchburg 47.1 #165/342

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 Charlottesville's construction sector, the employment growth component (96.8) 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.