NAICS 54

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

Entry risk 52.4 (Elevated), ranked #49 of 51 states. 86,857 establishments, 719,071 jobs.

Entry Risk Assessment

Entry Risk Score 52.4
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

New York's professional, scientific, and technical services sector shows high establishment density (top 10 nationally) paired with firm retention in the bottom 5. This combination indicates elevated competitive pressure on new market entrants.

5-Year Firm Retention
7.8%
Percentile within industry
Rank #48 of 51 states
Growth Momentum
33.2
Scale of 0-100
Rank #24 of 51 states
Establishment Density
2.6
vs. national average
Rank #10 of 51 states
Market Volatility
17.4
Lower is more stable
Wage Pressure Index
42.3
Labor cost pressure

86,857 Establishments in New York

86,857
Establishments
+5.7% YoY
719,071
Total Employment
+0.2% YoY
$155,690
Average Annual Wage
+6.2% YoY

New York vs National Professional, Scientific, and Technical Services Average

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

Metric NY National Difference
Entry Risk Score 52.4 40.5 +11.9
5-Year Retention 7.8% 51.0% -43.2
Growth Momentum 33.2 37.2 -4.0
Market Volatility 17.4 21.8 -4.4
Establishment Density 2.6 12.6 -10.0
Wage Pressure 42.3 34.0 +8.3

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

New York Ranks #49 of 51 for Professional, Scientific, and Technical Services

New York ranks #49 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
#49 New York You 52.4 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 New York 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 New York's professional, scientific, and technical services market compares to bordering states.

Pennsylvania 33.7 #6/51 Massachusetts 41.5 #29/51 Vermont 43.0 #35/51 Connecticut 45.1 #41/51 New Jersey 45.4 #44/51

Other Industries in New York

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 →