NAICS 54

Professional, Scientific, and Technical Services in Miami-Fort Lauderdale-West Palm Beach, FL

Metro Market Score 64.3 (Difficult), ranked #208 of 261 metros. 50,816 establishments, 219,774 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 professional, scientific, and technical services average.

💰High-Cost Market

Market conditions for professional, scientific, and technical services in Miami-Fort Lauderdale-West Palm Beach are tougher than average. The 64.3 market score reflects a combination of high labor costs, mixed growth signals, and an already crowded field. Rank: #208 of 261 metros.

Industry Concentration
91.2
LQ: 1.13
Rank #238 of 261 metros
Wage Competitiveness
87.7
$116,578 avg wage
Growth Trend
↑ 63.6
Employment growth index
Rank #96 of 261 metros
Wage Pressure
43.0
YoY wage change index

50,816 Professional, Scientific, and Technical Services Firms in Miami-Fort Lauderdale-West Palm Beach

50,816
Establishments
+1.5% YoY
219,774
Total Employment
+1.2% YoY
$116,578
Average Annual Wage
+5.3% YoY
1.13
Location Quotient
Above national avg

Miami-Fort Lauderdale-West Palm Beach vs Florida Statewide

How this metro's professional, scientific, and technical services market compares to Florida overall. The state ranks #22/51 for entry risk.

Measure Miami-Fort Lauderdale-West Palm Beach FL Statewide
Overall Score 64.3 Difficult 38.2 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #208 of 261 metros #22 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 Healthcare and Social Assistance 52.4 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 Administrative and Support Services 71.7 Finance and Insurance 72.7

Professional, Scientific, and Technical Services in Other Florida Metros

Sebring 24.8 #26/261 Ocala 29.8 #37/261 Panama City-Panama City Beach 35.4 #59/261 Homosassa Springs 36.2 #66/261 Deltona-Daytona Beach-Ormond Beach 41.2 #87/261 Wildwood-The Villages 41.5 #89/261 Punta Gorda 42.2 #93/261 Lakeland-Winter Haven 42.7 #97/261 Port St. Lucie 42.7 #98/261 Sebastian-Vero Beach-West Vero Corridor 51.0 #147/261

+ 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 professional, scientific, and technical services sector, the industry concentration component (91.2) 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.