NAICS 52

Finance and Insurance in Huntsville, AL

Metro Market Score 34.0 (Favorable), ranked #70 of 331 metros. 833 establishments, 4,678 jobs.

Metro Market Assessment

Metro Market Score 34.0
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Favorable

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

📈Rapid Growth🌱Emerging Market

Huntsville ranks in the top quartile for finance and insurance market conditions, driven by above-average employment growth. With a market score of 34.0, conditions are relatively favorable compared to most metros.

Industry Concentration
17.5
LQ: 0.44
Rank #58 of 331 metros
Wage Competitiveness
59.5
$92,739 avg wage
Growth Trend
↑ 80.4
Employment growth index
Rank #66 of 331 metros
Wage Pressure
44.2
YoY wage change index

833 Finance and Insurance Firms in Huntsville

833
Establishments
+3.3% YoY
4,678
Total Employment
+2.0% YoY
$92,739
Average Annual Wage
+5.5% YoY
0.44
Location Quotient
Below national avg

Huntsville vs Alabama Statewide

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

Measure Huntsville AL Statewide
Overall Score 34.0 Favorable 48.4 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #70 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 Huntsville

Other Services 23.1 Accommodation and Food Services 30.1 Construction 32.5 Healthcare and Social Assistance 34.9 Information 39.3 Real Estate and Rental and Leasing 40.2 Retail Trade 44.8 Administrative and Support Services 55.4 Professional, Scientific, and Technical Services 70.2

Finance and Insurance in Other Alabama Metros

Auburn-Opelika 19.0 #6/331 Anniston-Oxford 29.0 #41/331 Gadsden 29.2 #43/331 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 Huntsville's finance and insurance sector, the wage competitiveness component (59.5) 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.