NAICS 54

Professional, Scientific, and Technical Services in Florence, SC

Metro Market Score 44.1 (Moderate), ranked #109 of 261 metros. 390 establishments, 2,495 jobs.

Metro Market Score 44.1

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

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

Professional, Scientific, and Technical Services wages in Florence run well below the metro average (competitiveness index: 22.6), and year-over-year wage pressure is low at 32.4. For labor-intensive operations, this cost advantage could improve unit economics significantly.

Industry Concentration

22.6

LQ: 0.40

Rank #59 of 261 metros

Wage Competitiveness

22.6

$73,969 avg wage

Growth Trend

↓ 12.3

Employment growth index

Rank #230 of 261 metros

Wage Pressure

32.4

YoY wage change index

390 Professional, Scientific, and Technical Services Firms in Florence

390

Establishments

+6.0% YoY

2,495

Total Employment

-4.2% YoY

$73,969

Average Annual Wage

+0.1% YoY

0.40

Location Quotient

Below national avg

Within South Carolina

#3 of 8

professional, scientific, and technical services metros in state

South Carolina state rank

#9 of 51

for professional, scientific, and technical services entry risk

vs State Median

-9.2

better than median (53.3)

Florence vs South Carolina Statewide

How this metro's professional, scientific, and technical services market compares to South Carolina overall. The state ranks #9/51 for entry risk.

Measure	Florence	SC Statewide
Overall Score	44.1 Moderate	34.7 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#109 of 261 metros	#9 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 Florence

Construction 26.4 Real Estate and Rental and Leasing 34.7 Healthcare and Social Assistance 34.8 Information 47.0 Finance and Insurance 47.3 Accommodation and Food Services 47.5 Other Services 50.7 Administrative and Support Services 53.4 Retail Trade 61.9

Professional, Scientific, and Technical Services in Other South Carolina Metros

Sumter 24.2 #23/261 Spartanburg 28.8 #34/261 Hilton Head Island-Bluffton-Port Royal 51.6 #151/261 Greenville-Anderson-Greer 53.3 #160/261 Myrtle Beach-Conway-North Myrtle Beach 54.0 #163/261 Columbia 55.8 #174/261 Charleston-North Charleston 58.6 #184/261

Professional, Scientific, and Technical Services Metros With Similar Conditions

Metros within 5 points of Florence's 44.1 score. Useful when comparing markets with comparable entry profiles.

Glens Falls, NY 44.2 #110/261 Cheyenne, WY 44.3 #111/261 Fond du Lac, WI 43.9 #108/261 Chico, CA 43.9 #107/261 Springfield, IL 43.8 #106/261 Duluth, MN 44.5 #112/261 Youngstown-Warren, OH 43.3 #104/261 Jacksonville, NC 43.3 #105/261 Dubuque, IA 45.0 #113/261 Kiryas Joel-Poughkeepsie-Newburgh, NY 43.2 #103/261

Professional, Scientific, and Technical Services in States Bordering South Carolina

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

North Carolina 37.8 #20/51 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 Florence's professional, scientific, and technical services sector, the employment growth component (87.7) 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 Florence, SC MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment