NAICS 52

Finance and Insurance in Phoenix-Mesa-Chandler, AZ

Metro Market Score 67.0 (Difficult), ranked #276 of 331 metros. 9,600 establishments, 142,489 jobs.

Metro Market Assessment

Metro Market Score 67.0
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

Phoenix-Mesa-Chandler is a specialized hub for finance and insurance, with a location quotient of 1.49 and industry concentration in the bottom quartile. Higher-than-average firm density means more competition for talent and customers, but also a deeper local supply chain and client pool.

Industry Concentration
96.7
LQ: 1.49
Rank #320 of 331 metros
Wage Competitiveness
77.6
$106,004 avg wage
Growth Trend
51.1
Employment growth index
Rank #163 of 331 metros
Wage Pressure
44.0
YoY wage change index

9,600 Finance and Insurance Firms in Phoenix-Mesa-Chandler

9,600
Establishments
+1.9% YoY
142,489
Total Employment
-0.4% YoY
$106,004
Average Annual Wage
+5.4% YoY
1.49
Location Quotient
Above national avg

Phoenix-Mesa-Chandler vs Arizona Statewide

How this metro's finance and insurance market compares to Arizona overall. The state ranks #29/51 for entry risk.

Measure Phoenix-Mesa-Chandler AZ Statewide
Overall Score 67.0 Difficult 52.6 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #276 of 331 metros #29 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 Phoenix-Mesa-Chandler

Healthcare and Social Assistance 43.6 Other Services 49.6 Construction 55.5 Accommodation and Food Services 55.9 Retail Trade 58.7 Real Estate and Rental and Leasing 60.1 Professional, Scientific, and Technical Services 62.3 Administrative and Support Services 66.5 Information 73.1

Finance and Insurance in Other Arizona Metros

Lake Havasu City-Kingman 18.6 #4/331 Sierra Vista-Douglas 19.4 #7/331 Yuma 36.9 #82/331 Flagstaff 42.6 #125/331 Prescott Valley-Prescott 43.7 #134/331 Tucson 59.4 #243/331

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 Phoenix-Mesa-Chandler's finance and insurance sector, the industry concentration component (96.7) 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.