NAICS 44-45

Retail Trade in Monroe, MI

Metro Market Score 55.1 (Challenging), ranked #198 of 378 metros. 324 establishments, 5,380 jobs.

Metro Market Assessment

Metro Market Score 55.1
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

ⓘ Lower is better. Relative to national retail trade average.

📈Rapid Growth⚡Rising Wages

Monroe scores 55.1 on the Metro Market Score for retail trade, placing it in the lower half. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration
83.9
LQ: 1.31
Rank #317 of 378 metros
Wage Competitiveness
60.0
$38,752 avg wage
Growth Trend
↑ 97.1
Employment growth index
Rank #12 of 378 metros
Wage Pressure
91.2
YoY wage change index

324 Retail Trade Firms in Monroe

324
Establishments
-6.1% YoY
5,380
Total Employment
+9.1% YoY
$38,752
Average Annual Wage
+5.7% YoY
1.31
Location Quotient
Above national avg

Monroe vs Michigan Statewide

How this metro's retail trade market compares to Michigan overall. The state ranks #15/51 for entry risk.

Measure Monroe MI Statewide
Overall Score 55.1 Challenging 40.5 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #198 of 378 metros #15 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 Monroe

Information 15.5 Finance and Insurance 17.3 Real Estate and Rental and Leasing 19.6 Healthcare and Social Assistance 27.3 Accommodation and Food Services 43.1 Construction 45.3 Other Services 52.0 Administrative and Support Services 72.5

Retail Trade in Other Michigan Metros

Niles 33.4 #15/378 Grand Rapids-Wyoming-Kentwood 37.1 #32/378 Muskegon-Norton Shores 47.1 #100/378 Midland 50.1 #141/378 Ann Arbor 52.6 #169/378 Lansing-East Lansing 55.0 #197/378 Battle Creek 58.5 #238/378 Saginaw 60.8 #265/378 Traverse City 61.3 #268/378 Detroit-Warren-Dearborn 63.5 #293/378

+ 4 more metros. View all in Michigan →

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 Monroe's retail trade sector, the industry concentration component (83.9) 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.