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 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

Within Florida

#22 of 22

finance and insurance metros in state

Florida state rank

#46 of 51

for finance and insurance entry risk

vs State Median

+20.0

worse than median (52.6)

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 →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Miami-Fort Lauderdale-West Palm Beach's 72.7 score. Useful when comparing markets with comparable entry profiles.

Fargo, ND 72.7 #307/331 Baltimore-Columbia-Towson, MD 72.8 #309/331 Madison, WI 72.8 #310/331 Manchester-Nashua, NH 72.5 #306/331 Columbia, MO 72.3 #304/331 Chicago-Naperville-Elgin, IL 72.3 #305/331 Greensboro-High Point, NC 72.1 #303/331 San Antonio-New Braunfels, TX 72.0 #302/331 San Diego-Chula Vista-Carlsbad, CA 72.0 #301/331 St. Louis, MO 74.2 #311/331

Finance and Insurance in States Bordering Florida

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

Alabama 48.4 #18/51 Georgia 56.4 #40/51

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 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Miami-Fort Lauderdale-West Palm Beach, FL MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment