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 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

Within Florida

#6 of 22

finance and insurance metros in state

Florida state rank

#46 of 51

for finance and insurance entry risk

vs State Median

-11.3

better than median (52.6)

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 →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Palm Bay-Melbourne-Titusville's 41.4 score. Useful when comparing markets with comparable entry profiles.

Harrisonburg, VA 41.1 #111/331 Midland, MI 41.6 #113/331 Killeen-Temple, TX 41.7 #114/331 Mankato, MN 41.0 #110/331 Savannah, GA 41.8 #115/331 Pinehurst-Southern Pines, NC 41.8 #116/331 Sebring, FL 41.8 #117/331 Weirton-Steubenville, WV 40.8 #109/331 Logan, UT 41.9 #118/331 Williamsport, PA 40.7 #108/331

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 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Palm Bay-Melbourne-Titusville, FL MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment