UT

Utah: 2026 Business Market Risk & Industry Survival

Rank #28 of 51 state markets. 10 industries tracked. Population: 3,271,616.

Utah ranks #28 out of 51 state markets by average entry risk (42.7). Healthcare and Social Assistance carries the lowest risk at 22.9 (Low), while Other Services is the most challenging at 52.1 (Elevated). The 29.2-point spread signals significant variation across sectors. Healthcare and Social Assistance is the largest tracked employer with 185,503 jobs.

Utah: 42.7 Average Entry Risk

111,878
Total Establishments
Across tracked industries
1,053,271
Total Employment
Across tracked industries
42.7
Average Entry Risk
Across all industries

Utah at a Glance

Best Industries for New Entrants in Utah

Industries with the lowest entry risk in Utah.

Entry Risk by Industry in Utah

Compare market entry conditions across industries in Utah. Rank indicates position vs. all 50 states.

Utah Industry Data: 111,878 Establishments

Industry Entry Risk Rank Establishments Employment Avg Wage
Healthcare and Social Assistance NAICS 62 22.9 #1/51 13,740 185,503 $57,617
Accommodation and Food Services NAICS 72 36.5 #22/51 7,219 143,500 $25,609
Construction NAICS 23 40.1 #22/51 15,610 138,261 $70,203
Retail Trade NAICS 44-45 40.3 #13/51 11,094 179,051 $43,395
Professional, Scientific, and Technical Services NAICS 54 42.2 #31/51 27,256 131,799 $109,502
Real Estate and Rental and Leasing NAICS 53 46.6 #38/51 6,655 24,872 $69,355
Information NAICS 51 47.4 #33/51 5,042 40,195 $121,764
Administrative and Support Services NAICS 56 47.5 #42/51 9,056 93,294 $55,336
Finance and Insurance NAICS 52 51.9 #27/51 7,868 74,059 $103,465
Other Services NAICS 81 52.1 #42/51 8,338 42,737 $48,353

Largest Industries in Utah by Employment

How Utah Compares to Neighboring States

Average entry risk across all tracked industries. Lower scores indicate better conditions for new businesses.

State Avg Entry Risk vs UT
Utah 42.7
Idaho 41.6 -1.1
Arizona 46.3 +3.6
New Mexico 47.2 +4.5
Wyoming 49.0 +6.3
Nevada 49.3 +6.6
Colorado 50.1 +7.4