NAICS 52

Finance and Insurance in Tucson, AZ

Metro Market Score 59.4 (Challenging), ranked #243 of 331 metros. 1,269 establishments, 9,290 jobs.

Metro Market Assessment

Metro Market Score 59.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

Finance and Insurance employment in Tucson contracted year-over-year, placing the growth trend in the lower half at 11.8. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration
48.6
LQ: 0.59
Rank #161 of 331 metros
Wage Competitiveness
40.5
$84,892 avg wage
Growth Trend
↓ 11.8
Employment growth index
Rank #293 of 331 metros
Wage Pressure
53.2
YoY wage change index

1,269 Finance and Insurance Firms in Tucson

1,269
Establishments
+0.9% YoY
9,290
Total Employment
-5.9% YoY
$84,892
Average Annual Wage
+9.0% YoY
0.59
Location Quotient
Below national avg

Tucson vs Arizona Statewide

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

Measure Tucson AZ Statewide
Overall Score 59.4 Challenging 52.6 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #243 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 Tucson

Construction 35.1 Healthcare and Social Assistance 42.8 Professional, Scientific, and Technical Services 53.2 Real Estate and Rental and Leasing 53.3 Retail Trade 60.5 Other Services 62.7 Information 64.1 Accommodation and Food Services 64.6 Administrative and Support Services 72.9

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 Phoenix-Mesa-Chandler 67.0 #276/331

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 Tucson's finance and insurance sector, the employment growth component (88.2) 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.