NAICS 52

Finance and Insurance in Florence-Muscle Shoals, AL

Metro Market Score 43.2 (Moderate), ranked #129 of 331 metros. 279 establishments, 1,697 jobs.

Metro Market Assessment

Metro Market Score 43.2
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national finance and insurance average.

Finance and Insurance wages in Florence-Muscle Shoals run well below the metro average (competitiveness index: 10.6), and year-over-year wage pressure is low at 39.6. For labor-intensive operations, this cost advantage could improve unit economics significantly.

Industry Concentration
72.2
LQ: 0.76
Rank #239 of 331 metros
Wage Competitiveness
10.6
$69,583 avg wage
Growth Trend
51.4
Employment growth index
Rank #162 of 331 metros
Wage Pressure
39.6
YoY wage change index

279 Finance and Insurance Firms in Florence-Muscle Shoals

279
Establishments
+1.1% YoY
1,697
Total Employment
-0.3% YoY
$69,583
Average Annual Wage
+3.7% YoY
0.76
Location Quotient
Below national avg

Florence-Muscle Shoals vs Alabama Statewide

How this metro's finance and insurance market compares to Alabama overall. The state ranks #18/51 for entry risk.

Measure Florence-Muscle Shoals AL Statewide
Overall Score 43.2 Moderate 48.4 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #129 of 331 metros #18 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 Florence-Muscle Shoals

Real Estate and Rental and Leasing 26.8 Other Services 29.4 Information 29.8 Accommodation and Food Services 40.7 Construction 41.5 Healthcare and Social Assistance 43.7 Administrative and Support Services 46.7 Retail Trade 61.9

Finance and Insurance in Other Alabama Metros

Auburn-Opelika 19.0 #6/331 Anniston-Oxford 29.0 #41/331 Gadsden 29.2 #43/331 Huntsville 34.0 #70/331 Daphne-Fairhope-Foley 39.1 #99/331 Decatur 44.6 #146/331 Dothan 48.5 #159/331 Birmingham 67.1 #277/331 Mobile 69.1 #289/331

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 Florence-Muscle Shoals's finance and insurance sector, the industry concentration component (72.2) 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.