NAICS 44-45

Retail Trade in Springfield, OH

Metro Market Score 48.5 (Challenging), ranked #114 of 378 metros. 364 establishments, 4,684 jobs.

Metro Market Score 48.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

⚡Rising Wages

Springfield's retail trade sector saw employment decline over the past year (growth trend: 17.7). That contraction, combined with a 48.5 market score, puts this metro in the upper half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

20.9

LQ: 1.00

Rank #79 of 378 metros

Wage Competitiveness

12.4

$33,806 avg wage

Growth Trend

↓ 17.7

Employment growth index

Rank #312 of 378 metros

Wage Pressure

77.2

YoY wage change index

364 Retail Trade Firms in Springfield

364

Establishments

+1.4% YoY

4,684

Total Employment

-2.3% YoY

$33,806

Average Annual Wage

+3.0% YoY

1.00

Location Quotient

Above national avg

Within Ohio

#7 of 12

retail trade metros in state

Ohio state rank

#8 of 51

for retail trade entry risk

vs State Median

0.0

matches median (48.5)

Springfield vs Ohio Statewide

How this metro's retail trade market compares to Ohio overall. The state ranks #8/51 for entry risk.

Measure	Springfield	OH Statewide
Overall Score	48.5 Challenging	39.2 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#114 of 378 metros	#8 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

Professional, Scientific, and Technical Services 24.6 Construction 28.4 Accommodation and Food Services 32.4 Real Estate and Rental and Leasing 36.0 Information 47.9 Healthcare and Social Assistance 52.6 Finance and Insurance 56.8 Other Services 61.5 Administrative and Support Services 66.6

Retail Trade in Other Ohio Metros

Cleveland 38.7 #41/378 Canton-Massillon 39.6 #48/378 Dayton-Kettering-Beavercreek 40.9 #53/378 Toledo 45.2 #85/378 Columbus 46.9 #98/378 Lima 48.2 #113/378 Cincinnati 49.8 #133/378 Sandusky 50.6 #150/378 Mansfield 51.6 #158/378 Akron 56.7 #217/378

+ 1 more metros. View all in Ohio →

Retail Trade Metros With Similar Conditions

Metros within 5 points of Springfield's 48.5 score. Useful when comparing markets with comparable entry profiles.

Wichita, KS 48.5 #115/378 Clarksville, TN 48.6 #116/378 Lima, OH 48.2 #113/378 Houston-Pasadena-The Woodlands, TX 48.7 #117/378 Kokomo, IN 48.8 #118/378 Springfield, MO 48.1 #112/378 Elkhart-Goshen, IN 48.1 #111/378 Austin-Round Rock-San Marcos, TX 48.8 #119/378 Jacksonville, FL 48.1 #110/378 Kansas City, MO 48.9 #120/378

Retail Trade in States Bordering Ohio

State-level entry risk for retail trade in adjacent states. Use this to weigh cross-border options.

Pennsylvania 38.1 #6/51 Indiana 39.8 #10/51 Michigan 40.5 #15/51 Kentucky 46.4 #36/51 West Virginia 52.8 #47/51

Browse Retail Trade in Other States

State-level entry risk reports for retail trade 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 Springfield's retail trade sector, the employment growth component (82.3) 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Springfield, OH MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment