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 Assessment

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

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 →

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

Data period: 2024. Last updated: April 2026.