NAICS 52

Finance and Insurance in Palm Bay-Melbourne-Titusville, FL

Metro Market Score 41.4 (Moderate), ranked #112 of 331 metros. 849 establishments, 4,901 jobs.

Metro Market Assessment

Metro Market Score 41.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

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

📈Rapid Growth

Palm Bay-Melbourne-Titusville ranks in the upper half for finance and insurance market conditions, driven by above-average employment growth. With a market score of 41.4, conditions are relatively favorable compared to most metros.

Industry Concentration
32.0
LQ: 0.50
Rank #106 of 331 metros
Wage Competitiveness
66.8
$95,893 avg wage
Growth Trend
↑ 75.5
Employment growth index
Rank #82 of 331 metros
Wage Pressure
46.5
YoY wage change index

849 Finance and Insurance Firms in Palm Bay-Melbourne-Titusville

849
Establishments
-2.0% YoY
4,901
Total Employment
+1.5% YoY
$95,893
Average Annual Wage
+6.4% YoY
0.50
Location Quotient
Below national avg

Palm Bay-Melbourne-Titusville vs Florida Statewide

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

Measure Palm Bay-Melbourne-Titusville FL Statewide
Overall Score 41.4 Moderate 61.9 High
Score Type Metro Market Score Entry Risk Score
Rank #112 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 Palm Bay-Melbourne-Titusville

Healthcare and Social Assistance 38.4 Real Estate and Rental and Leasing 38.7 Information 42.0 Retail Trade 47.7 Other Services 48.6 Professional, Scientific, and Technical Services 54.1 Accommodation and Food Services 57.6 Construction 64.4 Administrative and Support Services 75.0

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 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 Sebastian-Vero Beach-West Vero Corridor 51.1 #182/331

+ 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 Palm Bay-Melbourne-Titusville's finance and insurance sector, the wage competitiveness component (66.8) 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.