NAICS 52

Finance and Insurance in Colorado Springs, CO

Metro Market Score 68.5 (Difficult), ranked #285 of 331 metros. 1,462 establishments, 13,273 jobs.

Metro Market Score 68.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

Market conditions for finance and insurance in Colorado Springs are tougher than average. The 68.5 market score reflects a combination of high labor costs, slowing employment, and an already crowded field. Rank: #285 of 331 metros.

Industry Concentration

86.7

LQ: 1.03

Rank #287 of 331 metros

Wage Competitiveness

61.3

$93,529 avg wage

Growth Trend

↓ 24.8

Employment growth index

Rank #250 of 331 metros

Wage Pressure

44.7

YoY wage change index

1,462 Finance and Insurance Firms in Colorado Springs

1,462

Establishments

-4.2% YoY

13,273

Total Employment

-3.4% YoY

$93,529

Average Annual Wage

+5.7% YoY

1.03

Location Quotient

Above national avg

Within Colorado

#6 of 6

finance and insurance metros in state

Colorado state rank

#50 of 51

for finance and insurance entry risk

vs State Median

+14.6

worse than median (53.9)

Colorado Springs vs Colorado Statewide

How this metro's finance and insurance market compares to Colorado overall. The state ranks #50/51 for entry risk.

Measure	Colorado Springs	CO Statewide
Overall Score	68.5 Difficult	67.3 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#285 of 331 metros	#50 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 Colorado Springs

Healthcare and Social Assistance 43.5 Retail Trade 54.1 Construction 56.2 Real Estate and Rental and Leasing 63.2 Administrative and Support Services 64.7 Professional, Scientific, and Technical Services 66.4 Other Services 66.9 Information 67.6 Accommodation and Food Services 78.6

Finance and Insurance in Other Colorado Metros

Pueblo 42.9 #126/331 Greeley 52.5 #193/331 Grand Junction 53.6 #205/331 Fort Collins-Loveland 53.9 #207/331 Boulder 61.4 #253/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Colorado Springs's 68.5 score. Useful when comparing markets with comparable entry profiles.

Jacksonville, FL 68.6 #286/331 Syracuse, NY 68.7 #287/331 Louisville-Jefferson County, KY 68.2 #284/331 Seattle-Tacoma-Bellevue, WA 69.0 #288/331 Mobile, AL 69.1 #289/331 Coeur d'Alene, ID 67.9 #283/331 Johnson City, TN 67.8 #282/331 Provo-Orem-Lehi, UT 69.3 #290/331 Rochester, NY 69.3 #291/331 Los Angeles-Long Beach-Anaheim, CA 67.4 #281/331

Finance and Insurance in States Bordering Colorado

State-level entry risk for finance and insurance in adjacent states. Use this to weigh cross-border options.

Nebraska 49.4 #20/51 Utah 51.9 #27/51 Arizona 52.6 #29/51 New Mexico 53.1 #31/51 Kansas 57.0 #42/51 Wyoming 62.0 #47/51 Oklahoma 64.9 #48/51

Browse Finance and Insurance in Other States

State-level entry risk reports for finance and insurance across all 51 markets, sorted by rank.

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 Colorado Springs's finance and insurance sector, the employment growth component (75.2) 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Colorado Springs, CO MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment