NAICS 52

Finance and Insurance in Illinois: 2026 Market Risk Report

Entry risk 46.2 (Elevated), ranked #10 of 51 states. 20,134 establishments, 297,859 jobs.

Entry Risk Assessment

Entry Risk Score 46.2
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

Illinois's finance and insurance sector shows high establishment density (top 10 nationally) paired with firm retention in the bottom half. This combination indicates elevated competitive pressure on new market entrants.

5-Year Firm Retention
33.3%
Percentile within industry
Rank #35 of 51 states
Growth Momentum
29.9
Scale of 0-100
Rank #26 of 51 states
Establishment Density
19.7
vs. national average
Rank #9 of 51 states
Market Volatility
5.8
Lower is more stable
Wage Pressure Index
34.6
Labor cost pressure

20,134 Establishments in Illinois

20,134
Establishments
-0.2% YoY
297,859
Total Employment
-0.3% YoY
$155,722
Average Annual Wage
+2.4% YoY

Illinois vs National Finance and Insurance Average

How Illinois's finance and insurance market compares to the national average across all 51 states.

Metric IL National Difference
Entry Risk Score 46.2 51.9 -5.7
5-Year Retention 33.3% 51.0% -17.7
Growth Momentum 29.9 34.4 -4.4
Market Volatility 5.8 9.6 -3.8
Establishment Density 19.7 42.5 -22.8
Wage Pressure 34.6 66.8 -32.1

Green = favorable vs national average. Red = less favorable. Metrics are relative within finance and insurance only.

Illinois Ranks #10 of 51 for Finance and Insurance

Illinois ranks #10 out of 51 states for finance and insurance market entry conditions.

Finance and Insurance Entry Risk by State

Rank State Risk Score Classification
#1 Hawaii 37.0 moderate
#2 West Virginia 39.8 moderate
#3 Kentucky 40.0 moderate
#4 Rhode Island 41.9 moderate
#5 Maine 42.0 elevated
#10 Illinois You 46.2 elevated
Entry Risk by State Alaska — 49.7 · #21 Alabama — 48.4 · #18 Arkansas — 44.7 · #7 Arizona — 52.6 · #29 California — 46.9 · #12 Colorado — 67.3 · #50 Connecticut — 73.7 · #51 District of Columbia — 47.9 · #13 Delaware — 57.7 · #44 Florida — 61.9 · #46 Georgia — 56.4 · #40 Hawaii — 37.0 · #1 Iowa — 54.3 · #35 Idaho — 56.2 · #39 Illinois — 46.2 · #10 Indiana — 45.4 · #9 Kansas — 57.0 · #42 Kentucky — 40.0 · #3 Louisiana — 42.0 · #6 Massachusetts — 48.2 · #15 Maryland — 52.6 · #30 Maine — 42.0 · #5 Michigan — 49.8 · #23 Minnesota — 46.6 · #11 Missouri — 57.7 · #43 Mississippi — 54.5 · #36 Montana — 59.0 · #45 North Carolina — 48.4 · #17 North Dakota — 52.1 · #28 Nebraska — 49.4 · #20 New Hampshire — 49.8 · #22 New Jersey — 53.2 · #32 New Mexico — 53.1 · #31 Nevada — 55.6 · #38 New York — 65.4 · #49 Ohio — 48.2 · #14 Oklahoma — 64.9 · #48 Oregon — 56.7 · #41 Pennsylvania — 48.8 · #19 Rhode Island — 41.9 · #4 South Carolina — 48.4 · #16 South Dakota — 50.1 · #24 Tennessee — 53.4 · #33 Texas — 50.4 · #25 Utah — 51.9 · #27 Virginia — 50.8 · #26 Vermont — 53.6 · #34 Washington — 55.5 · #37 Wisconsin — 45.3 · #8 West Virginia — 39.8 · #2 Wyoming — 62.0 · #47
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Illinois stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

How Illinois's finance and insurance market compares to bordering states.

Kentucky 40.0 #3/51 Wisconsin 45.3 #8/51 Indiana 45.4 #9/51 Iowa 54.3 #35/51 Missouri 57.7 #43/51

Other Industries in Illinois

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →