NAICS 52

Finance and Insurance in Hartford-West Hartford-East Hartford, CT

Metro Market Score 78.3 (Difficult), ranked #326 of 331 metros. 2,482 establishments, 43,865 jobs.

Metro Market Assessment

Metro Market Score 78.3
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

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

🏭Industry Hub💰High-Cost Market

Hartford-West Hartford-East Hartford is a specialized hub for finance and insurance, with a location quotient of 1.81 and industry concentration in the bottom 10%. Higher-than-average firm density means more competition for talent and customers, but also a deeper local supply chain and client pool.

Industry Concentration
99.4
LQ: 1.81
Rank #329 of 331 metros
Wage Competitiveness
97.3
$164,851 avg wage
Growth Trend
↓ 33.5
Employment growth index
Rank #221 of 331 metros
Wage Pressure
45.8
YoY wage change index

2,482 Finance and Insurance Firms in Hartford-West Hartford-East Hartford

2,482
Establishments
+0.0% YoY
43,865
Total Employment
-2.6% YoY
$164,851
Average Annual Wage
+6.1% YoY
1.81
Location Quotient
Above national avg

Hartford-West Hartford-East Hartford vs Connecticut Statewide

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

Measure Hartford-West Hartford-East Hartford CT Statewide
Overall Score 78.3 Difficult 73.7 High
Score Type Metro Market Score Entry Risk Score
Rank #326 of 331 metros #51 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 Hartford-West Hartford-East Hartford

Construction 52.3 Real Estate and Rental and Leasing 56.6 Other Services 59.9 Accommodation and Food Services 60.4 Administrative and Support Services 63.0 Professional, Scientific, and Technical Services 64.8 Retail Trade 66.1 Healthcare and Social Assistance 69.2 Information 69.6

Finance and Insurance in Other Connecticut Metros

Norwich-New London-Willimantic 35.9 #77/331 Waterbury-Shelton 54.0 #208/331 New Haven 74.6 #315/331 Bridgeport-Stamford-Danbury 84.0 #331/331

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 Hartford-West Hartford-East Hartford's finance and insurance sector, the industry concentration component (99.4) 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.