NAICS 52

Finance and Insurance in Miami-Fort Lauderdale-West Palm Beach, FL

Metro Market Score 72.7 (Difficult), ranked #308 of 331 metros. 14,880 establishments, 120,116 jobs.

Metro Market Assessment

Metro Market Score 72.7
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

Miami-Fort Lauderdale-West Palm Beach stands out for high finance and insurance labor costs. Wage competitiveness hits 97.6 (above the 70th percentile of metros), and year-over-year wage pressure at 58.1 signals continued increases. Plan for higher payroll if entering this market.

Industry Concentration
87.6
LQ: 1.06
Rank #290 of 331 metros
Wage Competitiveness
97.6
$167,035 avg wage
Growth Trend
50.8
Employment growth index
Rank #164 of 331 metros
Wage Pressure
58.1
YoY wage change index

14,880 Finance and Insurance Firms in Miami-Fort Lauderdale-West Palm Beach

14,880
Establishments
+1.3% YoY
120,116
Total Employment
-0.4% YoY
$167,035
Average Annual Wage
+10.9% YoY
1.06
Location Quotient
Above national avg

Miami-Fort Lauderdale-West Palm Beach vs Florida Statewide

How this metro's finance and insurance market compares to Florida overall. The state ranks #46/51 for entry risk.

Measure Miami-Fort Lauderdale-West Palm Beach FL Statewide
Overall Score 72.7 Difficult 61.9 High
Score Type Metro Market Score Entry Risk Score
Rank #308 of 331 metros #46 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 Miami-Fort Lauderdale-West Palm Beach

Construction 46.4 Healthcare and Social Assistance 52.4 Other Services 59.7 Real Estate and Rental and Leasing 60.2 Accommodation and Food Services 61.6 Retail Trade 63.2 Information 64.0 Professional, Scientific, and Technical Services 64.3 Administrative and Support Services 71.7

Finance and Insurance in Other Florida Metros

Ocala 27.9 #32/331 Punta Gorda 34.3 #72/331 Gainesville 38.7 #94/331 Homosassa Springs 39.0 #96/331 Deltona-Daytona Beach-Ormond Beach 39.8 #103/331 Palm Bay-Melbourne-Titusville 41.4 #112/331 Sebring 41.8 #117/331 Cape Coral-Fort Myers 45.6 #150/331 Tallahassee 49.3 #166/331 Port St. Lucie 50.7 #180/331

+ 11 more metros. View all in Florida →

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 Miami-Fort Lauderdale-West Palm Beach's finance and insurance sector, the wage competitiveness component (97.6) 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.