NAICS 62

Healthcare and Social Assistance in Minnesota: 2026 Market Risk Report

Entry risk 31.0 (Moderate), ranked #9 of 51 states. 25,787 establishments, 510,901 jobs.

Entry Risk Assessment

Entry Risk Score 31.0
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

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

🛡️Stable Market💎Hidden Gem

Minnesota exhibits structural stability in healthcare and social assistance, with volatility at 33.5 and firm retention ranking in the top 10. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
86.3%
Percentile within industry
Rank #8 of 51 states
Growth Momentum
33.8
Scale of 0-100
Rank #34 of 51 states
Establishment Density
11.1
vs. national average
Rank #33 of 51 states
Market Volatility
33.5
Lower is more stable
Wage Pressure Index
49.1
Labor cost pressure

25,787 Establishments in Minnesota

25,787
Establishments
+5.5% YoY
510,901
Total Employment
+4.2% YoY
$66,323
Average Annual Wage
+3.1% YoY

Minnesota vs National Healthcare and Social Assistance Average

How Minnesota's healthcare and social assistance market compares to the national average across all 51 states.

Metric MN National Difference
Entry Risk Score 31.0 40.5 -9.5
5-Year Retention 86.3% 51.0% +35.3
Growth Momentum 33.8 46.8 -13.0
Market Volatility 33.5 27.8 +5.7
Establishment Density 11.1 12.9 -1.8
Wage Pressure 49.1 49.0 +0.1

Green = favorable vs national average. Red = less favorable. Metrics are relative within healthcare and social assistance only.

Minnesota Ranks #9 of 51 for Healthcare and Social Assistance

Minnesota ranks #9 out of 51 states for healthcare and social assistance market entry conditions.

Healthcare and Social Assistance Entry Risk by State

Rank State Risk Score Classification
#1 Utah 22.9 low
#2 Nebraska 23.7 low
#3 North Dakota 26.2 low
#4 Iowa 26.7 low
#5 District of Columbia 27.9 low
#9 Minnesota You 31.0 moderate
Entry Risk by State Alaska — 50.3 · #44 Alabama — 43.6 · #31 Arkansas — 39.5 · #24 Arizona — 44.1 · #32 California — 54.6 · #49 Colorado — 46.7 · #35 Connecticut — 30.9 · #8 District of Columbia — 27.9 · #5 Delaware — 44.8 · #33 Florida — 47.2 · #37 Georgia — 43.3 · #28 Hawaii — 50.2 · #43 Iowa — 26.7 · #4 Idaho — 29.8 · #7 Illinois — 43.6 · #30 Indiana — 31.2 · #10 Kansas — 34.0 · #15 Kentucky — 54.4 · #48 Louisiana — 34.6 · #16 Massachusetts — 48.4 · #40 Maryland — 36.8 · #21 Maine — 49.9 · #42 Michigan — 52.5 · #46 Minnesota — 31.0 · #9 Missouri — 55.6 · #51 Mississippi — 38.3 · #23 Montana — 33.0 · #13 North Carolina — 33.0 · #14 North Dakota — 26.2 · #3 Nebraska — 23.7 · #2 New Hampshire — 36.6 · #19 New Jersey — 45.1 · #34 New Mexico — 53.1 · #47 Nevada — 37.2 · #22 New York — 48.2 · #39 Ohio — 40.2 · #26 Oklahoma — 49.7 · #41 Oregon — 55.6 · #50 Pennsylvania — 29.5 · #6 Rhode Island — 36.0 · #17 South Carolina — 31.5 · #12 South Dakota — 31.4 · #11 Tennessee — 47.4 · #38 Texas — 46.8 · #36 Utah — 22.9 · #1 Virginia — 39.9 · #25 Vermont — 36.7 · #20 Washington — 52.3 · #45 Wisconsin — 43.4 · #29 West Virginia — 40.3 · #27 Wyoming — 36.4 · #18
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 Minnesota stack up against other states for healthcare and social assistance?

Select a state above to see the comparison

Healthcare and Social Assistance in Neighboring States

How Minnesota's healthcare and social assistance market compares to bordering states.

North Dakota 26.2 #3/51 Iowa 26.7 #4/51 South Dakota 31.4 #11/51 Wisconsin 43.4 #29/51

Other Industries in Minnesota

Construction → 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 →