NAICS 52

Finance and Insurance in New Haven, CT

Metro Market Score 74.6 (Difficult), ranked #315 of 331 metros. 958 establishments, 6,703 jobs.

Metro Market Assessment

Metro Market Score 74.6
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

Finance and Insurance employment in New Haven contracted year-over-year, placing the growth trend in the bottom 10% at 1.2. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration
48.3
LQ: 0.59
Rank #160 of 331 metros
Wage Competitiveness
89.4
$124,186 avg wage
Growth Trend
↓ 1.2
Employment growth index
Rank #328 of 331 metros
Wage Pressure
52.4
YoY wage change index

958 Finance and Insurance Firms in New Haven

958
Establishments
-24.2% YoY
6,703
Total Employment
-25.9% YoY
$124,186
Average Annual Wage
+8.7% YoY
0.59
Location Quotient
Below national avg

New Haven vs Connecticut Statewide

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

Measure New Haven CT Statewide
Overall Score 74.6 Difficult 73.7 High
Score Type Metro Market Score Entry Risk Score
Rank #315 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 New Haven

Construction 59.5 Accommodation and Food Services 67.6 Retail Trade 71.5 Real Estate and Rental and Leasing 75.1 Information 75.3 Professional, Scientific, and Technical Services 78.5 Other Services 80.3 Healthcare and Social Assistance 80.3 Administrative and Support Services 86.9

Finance and Insurance in Other Connecticut Metros

Norwich-New London-Willimantic 35.9 #77/331 Waterbury-Shelton 54.0 #208/331 Hartford-West Hartford-East Hartford 78.3 #326/331 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 New Haven's finance and insurance sector, the employment growth component (98.8) 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.