NAICS 54

Professional, Scientific, and Technical Services in Minnesota: 2026 Market Risk Report

Entry risk 49.2 (Elevated), ranked #47 of 51 states. 30,128 establishments, 166,692 jobs.

Entry Risk Assessment

Entry Risk Score 49.2
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

The professional, scientific, and technical services sector in Minnesota shows signs of market maturation: momentum index at 23.4 (bottom 15) combined with below-average firm retention (bottom 15). Net establishment formation is likely flat or negative.

5-Year Firm Retention
23.5%
Percentile within industry
Rank #40 of 51 states
Growth Momentum
23.4
Scale of 0-100
Rank #38 of 51 states
Establishment Density
8.2
vs. national average
Rank #29 of 51 states
Market Volatility
39.3
Lower is more stable
Wage Pressure Index
23.1
Labor cost pressure

30,128 Establishments in Minnesota

30,128
Establishments
+2.5% YoY
166,692
Total Employment
-0.4% YoY
$122,103
Average Annual Wage
+4.2% YoY

Minnesota vs National Professional, Scientific, and Technical Services Average

How Minnesota's professional, scientific, and technical services market compares to the national average across all 51 states.

Metric MN National Difference
Entry Risk Score 49.2 40.5 +8.7
5-Year Retention 23.5% 51.0% -27.5
Growth Momentum 23.4 37.2 -13.8
Market Volatility 39.3 21.8 +17.5
Establishment Density 8.2 12.6 -4.4
Wage Pressure 23.1 34.0 -10.9

Green = favorable vs national average. Red = less favorable. Metrics are relative within professional, scientific, and technical services only.

Minnesota Ranks #47 of 51 for Professional, Scientific, and Technical Services

Minnesota ranks #47 out of 51 states for professional, scientific, and technical services market entry conditions.

Professional, Scientific, and Technical Services Entry Risk by State

Rank State Risk Score Classification
#1 Alabama 29.4 low
#2 Iowa 31.1 moderate
#3 Nebraska 31.6 moderate
#4 South Dakota 32.9 moderate
#5 Mississippi 33.4 moderate
#47 Minnesota You 49.2 elevated
Entry Risk by State Alaska — 38.0 · #21 Alabama — 29.4 · #1 Arkansas — 37.3 · #18 Arizona — 41.2 · #28 California — 51.2 · #48 Colorado — 46.4 · #46 Connecticut — 45.1 · #41 District of Columbia — 44.8 · #40 Delaware — 38.9 · #24 Florida — 38.2 · #22 Georgia — 43.5 · #38 Hawaii — 33.8 · #7 Iowa — 31.1 · #2 Idaho — 34.9 · #11 Illinois — 42.6 · #33 Indiana — 56.7 · #50 Kansas — 44.7 · #39 Kentucky — 35.7 · #14 Louisiana — 36.4 · #15 Massachusetts — 41.5 · #29 Maryland — 38.4 · #23 Maine — 40.2 · #26 Michigan — 41.2 · #27 Minnesota — 49.2 · #47 Missouri — 45.5 · #45 Mississippi — 33.4 · #5 Montana — 43.4 · #37 North Carolina — 37.8 · #20 North Dakota — 34.8 · #10 Nebraska — 31.6 · #3 New Hampshire — 37.5 · #19 New Jersey — 45.4 · #44 New Mexico — 59.3 · #51 Nevada — 42.6 · #34 New York — 52.4 · #49 Ohio — 36.9 · #17 Oklahoma — 45.4 · #43 Oregon — 45.2 · #42 Pennsylvania — 33.7 · #6 Rhode Island — 35.3 · #13 South Carolina — 34.7 · #9 South Dakota — 32.9 · #4 Tennessee — 39.4 · #25 Texas — 42.2 · #30 Utah — 42.2 · #31 Virginia — 42.3 · #32 Vermont — 43.0 · #35 Washington — 43.3 · #36 Wisconsin — 35.0 · #12 West Virginia — 34.4 · #8 Wyoming — 36.5 · #16
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 professional, scientific, and technical services?

Select a state above to see the comparison

Professional, Scientific, and Technical Services in Neighboring States

How Minnesota's professional, scientific, and technical services market compares to bordering states.

Iowa 31.1 #2/51 South Dakota 32.9 #4/51 North Dakota 34.8 #10/51 Wisconsin 35.0 #12/51

Other Industries in Minnesota

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →