NAICS 52

Finance and Insurance in Mobile, AL

Metro Market Score 69.1 (Difficult), ranked #289 of 331 metros. 746 establishments, 5,272 jobs.

Metro Market Assessment

Metro Market Score 69.1
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

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

💰High-Cost Market

Finance and Insurance employment in Mobile contracted year-over-year, placing the growth trend in the bottom quartile at 13.3. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration
70.1
LQ: 0.74
Rank #232 of 331 metros
Wage Competitiveness
80.1
$107,955 avg wage
Growth Trend
↓ 13.3
Employment growth index
Rank #288 of 331 metros
Wage Pressure
27.8
YoY wage change index

746 Finance and Insurance Firms in Mobile

746
Establishments
+3.6% YoY
5,272
Total Employment
-5.5% YoY
$107,955
Average Annual Wage
-0.9% YoY
0.74
Location Quotient
Below national avg

Mobile vs Alabama Statewide

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

Measure Mobile AL Statewide
Overall Score 69.1 Difficult 48.4 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #289 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 Mobile

Construction 45.8 Accommodation and Food Services 52.5 Information 52.9 Retail Trade 54.9 Healthcare and Social Assistance 57.1 Other Services 58.3 Real Estate and Rental and Leasing 60.5 Professional, Scientific, and Technical Services 61.2 Administrative and Support Services 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 Florence-Muscle Shoals 43.2 #129/331 Decatur 44.6 #146/331 Dothan 48.5 #159/331 Birmingham 67.1 #277/331

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 Mobile's finance and insurance sector, the employment growth component (86.7) 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.