NAICS 52

Finance and Insurance in Connecticut: 2026 Market Risk Report

Entry risk 73.7 (High), ranked #51 of 51 states. 8,945 establishments, 96,463 jobs.

Entry Risk Assessment

Entry Risk Score 73.7
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
High Risk

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

The finance and insurance sector in Connecticut shows signs of market maturation: momentum index at 22.9 (bottom half) combined with below-average firm retention (bottom 15). Net establishment formation is likely flat or negative.

5-Year Firm Retention
27.4%
Percentile within industry
Rank #38 of 51 states
Growth Momentum
22.9
Scale of 0-100
Rank #33 of 51 states
Establishment Density
69.4
vs. national average
Rank #43 of 51 states
Market Volatility
16.3
Lower is more stable
Wage Pressure Index
98.0
Labor cost pressure

8,945 Establishments in Connecticut

8,945
Establishments
+3.0% YoY
96,463
Total Employment
-0.2% YoY
$234,165
Average Annual Wage
+8.8% YoY

Connecticut vs National Finance and Insurance Average

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

Metric CT National Difference
Entry Risk Score 73.7 51.9 +21.8
5-Year Retention 27.4% 51.0% -23.6
Growth Momentum 22.9 34.4 -11.5
Market Volatility 16.3 9.6 +6.7
Establishment Density 69.4 42.5 +26.9
Wage Pressure 98.0 66.8 +31.2

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

Connecticut Ranks #51 of 51 for Finance and Insurance

Connecticut ranks #51 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
#51 Connecticut You 73.7 high
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 Connecticut stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

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

Rhode Island 41.9 #4/51 Massachusetts 48.2 #15/51 New York 65.4 #49/51

Other Industries in Connecticut

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 →