NAICS 54

Professional, Scientific, and Technical Services in Morristown, TN

Metro Market Score 9.2 (Favorable), ranked #2 of 261 metros. 230 establishments, 826 jobs.

Metro Market Assessment

Metro Market Score 9.2
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Favorable

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

📈Rapid Growth✓Favorable Market🌱Emerging Market

Morristown ranks in the top 10% for professional, scientific, and technical services market conditions, driven by above-average employment growth. With a market score of 9.2, conditions are relatively favorable compared to most metros.

Industry Concentration
2.3
LQ: 0.25
Rank #6 of 261 metros
Wage Competitiveness
6.9
$64,505 avg wage
Growth Trend
↑ 96.5
Employment growth index
Rank #10 of 261 metros
Wage Pressure
29.3
YoY wage change index

230 Professional, Scientific, and Technical Services Firms in Morristown

230
Establishments
+0.4% YoY
826
Total Employment
+10.6% YoY
$64,505
Average Annual Wage
-1.4% YoY
0.25
Location Quotient
Below national avg

Morristown vs Tennessee Statewide

How this metro's professional, scientific, and technical services market compares to Tennessee overall. The state ranks #25/51 for entry risk.

Measure Morristown TN Statewide
Overall Score 9.2 Favorable 39.4 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #2 of 261 metros #25 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 Morristown

Finance and Insurance 20.1 Other Services 29.2 Information 36.9 Real Estate and Rental and Leasing 44.1 Retail Trade 58.4 Accommodation and Food Services 58.6 Administrative and Support Services 66.4

Professional, Scientific, and Technical Services in Other Tennessee Metros

Kingsport-Bristol 37.0 #71/261 Cleveland 47.7 #131/261

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 Morristown's professional, scientific, and technical services sector, the wage pressure component (29.3) 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.