NAICS 44-45
Retail Trade in Springfield, IL
Metro Market Score 40.0 (Moderate), ranked #50 of 378 metros. 649 establishments, 11,412 jobs.
Metro Market Assessment
Metro Market Score 40.0
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate
Lower is better. Relative to national retail trade average.
Rising Wages
Few retail trade firms have established themselves in Springfield yet. The concentration index of 3.2 is well below the metro median, while employment growth is positive (trend: 51.9). That combination points to a market still building out.
Industry Concentration
3.2
LQ: 0.84
Rank #12 of 378 metros
Wage Competitiveness
36.8
$36,343 avg wage
Growth Trend
51.9
Employment growth index
Rank #183 of 378 metros
Wage Pressure
77.7
YoY wage change index
649 Retail Trade Firms in Springfield
649
Establishments
-0.6% YoY
11,412
Total Employment
-0.2% YoY
$36,343
Average Annual Wage
+3.1% YoY
0.84
Location Quotient
Below national avg
Springfield vs Illinois Statewide
How this metro's retail trade market compares to Illinois overall. The state ranks #39/51 for entry risk.
| Measure | Springfield | IL Statewide |
|---|---|---|
| Overall Score | 40.0 Moderate | 48.1 Elevated |
| Score Type | Metro Market Score | Entry Risk Score |
| Rank | #50 of 378 metros | #39 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 Springfield
Retail Trade in Other Illinois Metros
Data Sources
- Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Springfield, IL MSA area.
Data period: 2024. Last updated: April 2026.