NAICS 52

Finance and Insurance in Bloomington, IL

Metro Market Score 59.3 (Challenging), ranked #242 of 331 metros. 192 establishments, 17,372 jobs.

Metro Market Assessment

Metro Market Score 59.3
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

🏭Industry Hub💰High-Cost Market📈Rapid Growth

Bloomington is a specialized hub for finance and insurance, with a location quotient of 4.81 and industry concentration in the lower half. Higher-than-average firm density means more competition for talent and customers, but also a deeper local supply chain and client pool.

Industry Concentration
100.0
LQ: 4.81
Rank #331 of 331 metros
Wage Competitiveness
82.2
$110,363 avg wage
Growth Trend
↑ 75.8
Employment growth index
Rank #81 of 331 metros
Wage Pressure
32.6
YoY wage change index

192 Finance and Insurance Firms in Bloomington

192
Establishments
-12.3% YoY
17,372
Total Employment
+1.6% YoY
$110,363
Average Annual Wage
+1.0% YoY
4.81
Location Quotient
Above national avg

Bloomington vs Illinois Statewide

How this metro's finance and insurance market compares to Illinois overall. The state ranks #10/51 for entry risk.

Measure Bloomington IL Statewide
Overall Score 59.3 Challenging 46.2 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #242 of 331 metros #10 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 Bloomington

Information 18.0 Real Estate and Rental and Leasing 43.4 Healthcare and Social Assistance 44.2 Construction 50.9 Retail Trade 53.4 Administrative and Support Services 62.4 Accommodation and Food Services 67.3 Other Services 77.8

Finance and Insurance in Other Illinois Metros

Kankakee 25.8 #23/331 Rockford 53.0 #198/331 Champaign-Urbana 54.1 #210/331 Decatur 56.0 #226/331 Chicago-Naperville-Elgin 72.3 #305/331

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 Bloomington's finance and insurance sector, the industry concentration component (100.0) 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.