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 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

Within Florida

#17 of 19

professional, scientific, and technical services metros in state

Florida state rank

#22 of 51

for professional, scientific, and technical services entry risk

vs State Median

+13.3

worse than median (51.0)

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 →

Professional, Scientific, and Technical Services Metros With Similar Conditions

Metros within 5 points of Miami-Fort Lauderdale-West Palm Beach's 64.3 score. Useful when comparing markets with comparable entry profiles.

Orlando-Kissimmee-Sanford, FL 64.1 #207/261 Sacramento-Roseville-Folsom, CA 64.0 #206/261 Fargo, ND 64.7 #209/261 Hartford-West Hartford-East Hartford, CT 64.8 #210/261 Oxnard-Thousand Oaks-Ventura, CA 65.0 #211/261 Albany-Schenectady-Troy, NY 65.1 #212/261 Buffalo-Cheektowaga, NY 65.1 #213/261 Baltimore-Columbia-Towson, MD 63.3 #205/261 Ithaca, NY 65.4 #214/261 Iowa City, IA 62.9 #204/261

Professional, Scientific, and Technical Services in States Bordering Florida

State-level entry risk for professional, scientific, and technical services in adjacent states. Use this to weigh cross-border options.

Alabama 29.4 #1/51 Georgia 43.5 #38/51

Browse Professional, Scientific, and Technical Services in Other States

State-level entry risk reports for professional, scientific, and technical services across all 51 markets, sorted by rank.

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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Miami-Fort Lauderdale-West Palm Beach, FL MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment