NAICS 54

Professional, Scientific, and Technical Services in Palm Bay-Melbourne-Titusville, FL

Metro Market Score 54.1 (Challenging), ranked #164 of 261 metros. 2,994 establishments, 19,710 jobs.

Metro Market Score 54.1

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national professional, scientific, and technical services average.

💰High-Cost Market📈Rapid Growth

Palm Bay-Melbourne-Titusville pairs above-average professional, scientific, and technical services concentration (91.6) with positive employment growth (trend: 84.7). The market is competitive but still expanding, leaving room for well-positioned new entrants.

Industry Concentration

91.6

LQ: 1.17

Rank #239 of 261 metros

Wage Competitiveness

75.9

$101,163 avg wage

Growth Trend

↑ 84.7

Employment growth index

Rank #41 of 261 metros

Wage Pressure

38.1

YoY wage change index

2,994 Professional, Scientific, and Technical Services Firms in Palm Bay-Melbourne-Titusville

2,994

Establishments

+1.6% YoY

19,710

Total Employment

+4.8% YoY

$101,163

Average Annual Wage

+2.9% YoY

1.17

Location Quotient

Above national avg

Within Florida

#12 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

+3.1

worse than median (51.0)

Palm Bay-Melbourne-Titusville 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	Palm Bay-Melbourne-Titusville	FL Statewide
Overall Score	54.1 Challenging	38.2 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#164 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 Palm Bay-Melbourne-Titusville

Healthcare and Social Assistance 38.4 Real Estate and Rental and Leasing 38.7 Finance and Insurance 41.4 Information 42.0 Retail Trade 47.7 Other Services 48.6 Accommodation and Food Services 57.6 Construction 64.4 Administrative and Support Services 75.0

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 Palm Bay-Melbourne-Titusville's 54.1 score. Useful when comparing markets with comparable entry profiles.

Pinehurst-Southern Pines, NC 54.1 #165/261 Myrtle Beach-Conway-North Myrtle Beach, SC 54.0 #163/261 Slidell-Mandeville-Covington, LA 53.6 #162/261 Anchorage, AK 54.6 #166/261 Bakersfield-Delano, CA 54.7 #167/261 Wichita, KS 54.7 #168/261 Champaign-Urbana, IL 53.4 #161/261 Greenville-Anderson-Greer, SC 53.3 #160/261 Redding, CA 53.3 #159/261 Tucson, AZ 53.2 #158/261

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 Palm Bay-Melbourne-Titusville's professional, scientific, and technical services sector, the industry concentration component (91.6) 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 Palm Bay-Melbourne-Titusville, FL MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment