NAICS 52

Finance and Insurance in Gadsden, AL

Metro Market Score 29.2 (Favorable), ranked #43 of 331 metros. 153 establishments, 935 jobs.

Metro Market Assessment

Metro Market Score 29.2
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Favorable

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

📈Rapid Growth✓Favorable Market

Gadsden ranks in the top quartile for finance and insurance market conditions, driven by above-average employment growth. With a market score of 29.2, conditions are relatively favorable compared to most metros.

Industry Concentration
63.8
LQ: 0.70
Rank #211 of 331 metros
Wage Competitiveness
7.5
$68,074 avg wage
Growth Trend
↑ 87.3
Employment growth index
Rank #43 of 331 metros
Wage Pressure
38.0
YoY wage change index

153 Finance and Insurance Firms in Gadsden

153
Establishments
+7.0% YoY
935
Total Employment
+3.8% YoY
$68,074
Average Annual Wage
+3.1% YoY
0.70
Location Quotient
Below national avg

Gadsden vs Alabama Statewide

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

Measure Gadsden AL Statewide
Overall Score 29.2 Favorable 48.4 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #43 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 Gadsden

Construction 14.3 Real Estate and Rental and Leasing 28.8 Information 35.4 Professional, Scientific, and Technical Services 35.5 Administrative and Support Services 39.0 Retail Trade 41.9 Other Services 42.3 Healthcare and Social Assistance 48.8 Accommodation and Food Services 55.7

Finance and Insurance in Other Alabama Metros

Auburn-Opelika 19.0 #6/331 Anniston-Oxford 29.0 #41/331 Huntsville 34.0 #70/331 Daphne-Fairhope-Foley 39.1 #99/331 Florence-Muscle Shoals 43.2 #129/331 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 Gadsden's finance and insurance sector, the industry concentration component (63.8) 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.