NAICS 52

Finance and Insurance in Albany, GA

Metro Market Score 31.0 (Favorable), ranked #55 of 331 metros. 194 establishments, 1,158 jobs.

Metro Market Score 31.0

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

Few finance and insurance firms have established themselves in Albany yet. The concentration index of 26.9 is well below the metro median, while employment growth is positive (trend: 53.5). That combination points to a market still building out.

Industry Concentration

26.9

LQ: 0.49

Rank #89 of 331 metros

Wage Competitiveness

17.2

$73,192 avg wage

Growth Trend

53.5

Employment growth index

Rank #155 of 331 metros

Wage Pressure

30.1

YoY wage change index

194 Finance and Insurance Firms in Albany

194

Establishments

-3.5% YoY

1,158

Total Employment

+0.0% YoY

$73,192

Average Annual Wage

+0.0% YoY

0.49

Location Quotient

Below national avg

Within Georgia

#4 of 9

finance and insurance metros in state

Georgia state rank

#40 of 51

for finance and insurance entry risk

vs State Median

-4.4

better than median (35.4)

Albany vs Georgia Statewide

How this metro's finance and insurance market compares to Georgia overall. The state ranks #40/51 for entry risk.

Measure	Albany	GA Statewide
Overall Score	31.0 Favorable	56.4 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#55 of 331 metros	#40 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 Albany

Real Estate and Rental and Leasing 30.4 Accommodation and Food Services 45.2 Other Services 47.4 Retail Trade 53.6 Administrative and Support Services 60.9

Finance and Insurance in Other Georgia Metros

Warner Robins 20.8 #10/331 Brunswick-St. Simons 27.3 #28/331 Hinesville 29.7 #47/331 Dalton 35.4 #75/331 Rome 40.7 #107/331 Savannah 41.8 #115/331 Augusta-Richmond County 44.2 #141/331 Gainesville 56.9 #230/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Albany's 31.0 score. Useful when comparing markets with comparable entry profiles.

Victoria, TX 30.9 #54/331 Bloomington, IN 30.9 #53/331 Lima, OH 31.2 #56/331 Columbus, IN 30.6 #52/331 Bay City, MI 31.5 #57/331 Bangor, ME 30.3 #51/331 Longview-Kelso, WA 31.9 #58/331 Janesville-Beloit, WI 32.0 #59/331 Monroe, LA 32.0 #60/331 Kingsport-Bristol, TN 30.0 #50/331

Finance and Insurance in States Bordering Georgia

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

South Carolina 48.4 #16/51 North Carolina 48.4 #17/51 Alabama 48.4 #18/51 Tennessee 53.4 #33/51 Florida 61.9 #46/51

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 Albany's finance and insurance sector, the employment growth component (46.5) 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 Albany, GA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment