NAICS 53

Real Estate and Rental and Leasing in Duluth, MN

Metro Market Score 30.6 (Favorable), ranked #74 of 330 metros. 250 establishments, 1,171 jobs.

Metro Market Score 30.6

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

Real Estate and Rental and Leasing wages in Duluth run well below the metro average (competitiveness index: 4.8), and year-over-year wage pressure is low at 15.1. For labor-intensive operations, this cost advantage could improve unit economics significantly.

Industry Concentration

25.1

LQ: 0.60

Rank #83 of 330 metros

Wage Competitiveness

4.8

$43,756 avg wage

Growth Trend

↓ 33.0

Employment growth index

Rank #222 of 330 metros

Wage Pressure

15.1

YoY wage change index

250 Real Estate and Rental and Leasing Firms in Duluth

250

Establishments

+2.5% YoY

1,171

Total Employment

-1.0% YoY

$43,756

Average Annual Wage

+2.1% YoY

0.60

Location Quotient

Below national avg

Within Minnesota

#2 of 4

real estate and rental and leasing metros in state

Minnesota state rank

#31 of 51

for real estate and rental and leasing entry risk

vs State Median

-3.2

better than median (33.8)

Duluth vs Minnesota Statewide

How this metro's real estate and rental and leasing market compares to Minnesota overall. The state ranks #31/51 for entry risk.

Measure	Duluth	MN Statewide
Overall Score	30.6 Favorable	42.1 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#74 of 330 metros	#31 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 Duluth

Information 30.9 Accommodation and Food Services 42.0 Professional, Scientific, and Technical Services 44.5 Retail Trade 48.9 Finance and Insurance 50.5 Other Services 57.5 Construction 65.2

Real Estate and Rental and Leasing in Other Minnesota Metros

St. Cloud 15.9 #10/330 Mankato 33.8 #88/330 Minneapolis-St. Paul-Bloomington 62.4 #288/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Duluth's 30.6 score. Useful when comparing markets with comparable entry profiles.

Albany, GA 30.4 #73/330 Fresno, CA 30.3 #72/330 Grand Rapids-Wyoming-Kentwood, MI 30.2 #71/330 Bismarck, ND 30.1 #70/330 Fond du Lac, WI 31.2 #75/330 Burlington, NC 31.2 #76/330 Lewiston-Auburn, ME 29.9 #69/330 Lake Havasu City-Kingman, AZ 29.9 #68/330 Hanford-Corcoran, CA 29.8 #67/330 Goldsboro, NC 29.8 #66/330

Real Estate and Rental and Leasing in States Bordering Minnesota

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Wisconsin 26.0 #2/51 South Dakota 26.4 #4/51 Iowa 35.6 #16/51 North Dakota 54.3 #48/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing 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 Duluth's real estate and rental and leasing sector, the employment growth component (67.0) 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 Duluth, MN-WI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment