NAICS 62

Healthcare and Social Assistance in Miami-Fort Lauderdale-West Palm Beach, FL

Metro Market Score 52.4 (Challenging), ranked #152 of 248 metros. 32,106 establishments, 369,879 jobs.

Metro Market Assessment

Metro Market Score 52.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

ⓘ Lower is better. Relative to national healthcare and social assistance average.

💰High-Cost Market

Miami-Fort Lauderdale-West Palm Beach's healthcare and social assistance market sits near the national metro median, ranking #152 of 248 with a market score of 52.4. No single metric stands out as an outlier, which means entry conditions depend more on your specific business model than on broad market forces.

Industry Concentration
27.4
LQ: 0.93
Rank #68 of 248 metros
Wage Competitiveness
78.2
$68,390 avg wage
Growth Trend
↓ 37.1
Employment growth index
Rank #157 of 248 metros
Wage Pressure
35.7
YoY wage change index

32,106 Healthcare and Social Assistance Firms in Miami-Fort Lauderdale-West Palm Beach

32,106
Establishments
+3.6% YoY
369,879
Total Employment
+2.7% YoY
$68,390
Average Annual Wage
+2.0% YoY
0.93
Location Quotient
Below national avg

Miami-Fort Lauderdale-West Palm Beach vs Florida Statewide

How this metro's healthcare and social assistance market compares to Florida overall. The state ranks #37/51 for entry risk.

Measure Miami-Fort Lauderdale-West Palm Beach FL Statewide
Overall Score 52.4 Challenging 47.2 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #152 of 248 metros #37 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 Miami-Fort Lauderdale-West Palm Beach

Construction 46.4 Other Services 59.7 Real Estate and Rental and Leasing 60.2 Accommodation and Food Services 61.6 Retail Trade 63.2 Information 64.0 Professional, Scientific, and Technical Services 64.3 Administrative and Support Services 71.7 Finance and Insurance 72.7

Healthcare and Social Assistance in Other Florida Metros

Crestview-Fort Walton Beach-Destin 30.9 #23/248 Lakeland-Winter Haven 31.4 #25/248 Cape Coral-Fort Myers 31.8 #27/248 Palm Bay-Melbourne-Titusville 38.4 #62/248 Naples-Marco Island 45.1 #100/248 Orlando-Kissimmee-Sanford 47.1 #113/248 Ocala 47.4 #117/248 Sebastian-Vero Beach-West Vero Corridor 49.5 #131/248 Deltona-Daytona Beach-Ormond Beach 49.9 #132/248 North Port-Bradenton-Sarasota 50.2 #134/248

+ 8 more metros. View all in Florida →

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 Miami-Fort Lauderdale-West Palm Beach's healthcare and social assistance sector, the wage competitiveness component (78.2) 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.