NAICS 52

Finance and Insurance in Arizona: 2026 Market Risk Report

Entry risk 52.6 (Elevated), ranked #29 of 51 states. 13,620 establishments, 169,626 jobs.

Entry Risk Assessment

Entry Risk Score 52.6
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

Despite ranking top 5 in growth momentum, Arizona presents structural entry friction. Wage pressure (68.3) and an overall risk score of 52.6 indicate that top-line growth may not translate to favorable unit economics for new establishments.

5-Year Firm Retention
17.6%
Percentile within industry
Rank #43 of 51 states
Growth Momentum
↑ 79.6
Scale of 0-100
Rank #4 of 51 states
Establishment Density
37.9
vs. national average
Rank #23 of 51 states
Market Volatility
10.5
Lower is more stable
Wage Pressure Index
68.3
Labor cost pressure

13,620 Establishments in Arizona

13,620
Establishments
+2.5% YoY
169,626
Total Employment
-0.9% YoY
$103,791
Average Annual Wage
+5.8% YoY

Arizona vs National Finance and Insurance Average

How Arizona's finance and insurance market compares to the national average across all 51 states.

Metric AZ National Difference
Entry Risk Score 52.6 51.9 +0.7
5-Year Retention 17.6% 51.0% -33.4
Growth Momentum 79.6 34.4 +45.2
Market Volatility 10.5 9.6 +0.9
Establishment Density 37.9 42.5 -4.6
Wage Pressure 68.3 66.8 +1.5

Green = favorable vs national average. Red = less favorable. Metrics are relative within finance and insurance only.

Arizona Ranks #29 of 51 for Finance and Insurance

Arizona ranks #29 out of 51 states for finance and insurance market entry conditions.

Finance and Insurance Entry Risk by State

Rank State Risk Score Classification
#1 Hawaii 37.0 moderate
#2 West Virginia 39.8 moderate
#3 Kentucky 40.0 moderate
#4 Rhode Island 41.9 moderate
#5 Maine 42.0 elevated
#29 Arizona You 52.6 elevated
Entry Risk by State Alaska — 49.7 · #21 Alabama — 48.4 · #18 Arkansas — 44.7 · #7 Arizona — 52.6 · #29 California — 46.9 · #12 Colorado — 67.3 · #50 Connecticut — 73.7 · #51 District of Columbia — 47.9 · #13 Delaware — 57.7 · #44 Florida — 61.9 · #46 Georgia — 56.4 · #40 Hawaii — 37.0 · #1 Iowa — 54.3 · #35 Idaho — 56.2 · #39 Illinois — 46.2 · #10 Indiana — 45.4 · #9 Kansas — 57.0 · #42 Kentucky — 40.0 · #3 Louisiana — 42.0 · #6 Massachusetts — 48.2 · #15 Maryland — 52.6 · #30 Maine — 42.0 · #5 Michigan — 49.8 · #23 Minnesota — 46.6 · #11 Missouri — 57.7 · #43 Mississippi — 54.5 · #36 Montana — 59.0 · #45 North Carolina — 48.4 · #17 North Dakota — 52.1 · #28 Nebraska — 49.4 · #20 New Hampshire — 49.8 · #22 New Jersey — 53.2 · #32 New Mexico — 53.1 · #31 Nevada — 55.6 · #38 New York — 65.4 · #49 Ohio — 48.2 · #14 Oklahoma — 64.9 · #48 Oregon — 56.7 · #41 Pennsylvania — 48.8 · #19 Rhode Island — 41.9 · #4 South Carolina — 48.4 · #16 South Dakota — 50.1 · #24 Tennessee — 53.4 · #33 Texas — 50.4 · #25 Utah — 51.9 · #27 Virginia — 50.8 · #26 Vermont — 53.6 · #34 Washington — 55.5 · #37 Wisconsin — 45.3 · #8 West Virginia — 39.8 · #2 Wyoming — 62.0 · #47
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Arizona stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

How Arizona's finance and insurance market compares to bordering states.

California 46.9 #12/51 Utah 51.9 #27/51 New Mexico 53.1 #31/51 Nevada 55.6 #38/51 Colorado 67.3 #50/51

Other Industries in Arizona

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →