NAICS 23

Construction in Olympia-Lacey-Tumwater, WA

Metro Market Score 64.3 (Difficult), ranked #309 of 342 metros. 1,044 establishments, 6,184 jobs.

Metro Market Assessment

Metro Market Score 64.3
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market

Construction employment in Olympia-Lacey-Tumwater contracted year-over-year, placing the growth trend in the bottom 10% at 13.2. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration
40.9
LQ: 0.91
Rank #140 of 342 metros
Wage Competitiveness
83.6
$82,706 avg wage
Growth Trend
↓ 13.2
Employment growth index
Rank #298 of 342 metros
Wage Pressure
35.4
YoY wage change index

1,044 Construction Firms in Olympia-Lacey-Tumwater

1,044
Establishments
+3.8% YoY
6,184
Total Employment
-3.2% YoY
$82,706
Average Annual Wage
+5.1% YoY
0.91
Location Quotient
Below national avg

Olympia-Lacey-Tumwater vs Washington Statewide

How this metro's construction market compares to Washington overall. The state ranks #46/51 for entry risk.

Measure Olympia-Lacey-Tumwater WA Statewide
Overall Score 64.3 Difficult 58.1 High
Score Type Metro Market Score Entry Risk Score
Rank #309 of 342 metros #46 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 Olympia-Lacey-Tumwater

Accommodation and Food Services 43.8 Real Estate and Rental and Leasing 47.3 Finance and Insurance 47.4 Administrative and Support Services 52.6 Healthcare and Social Assistance 56.4 Information 64.9 Retail Trade 69.2 Other Services 69.5 Professional, Scientific, and Technical Services 71.5

Construction in Other Washington Metros

Yakima 39.6 #105/342 Walla Walla 41.5 #119/342 Bremerton-Silverdale-Port Orchard 53.0 #226/342 Kennewick-Richland 60.8 #288/342 Spokane-Spokane Valley 60.9 #289/342 Longview-Kelso 64.8 #311/342 Mount Vernon-Anacortes 71.4 #332/342 Seattle-Tacoma-Bellevue 74.5 #338/342 Wenatchee-East Wenatchee 76.9 #340/342 Bellingham 77.4 #341/342

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 Olympia-Lacey-Tumwater's construction sector, the employment growth component (86.8) 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.