NAICS 52

Finance and Insurance in Champaign-Urbana, IL

Metro Market Score 54.1 (Challenging), ranked #210 of 331 metros. 252 establishments, 2,727 jobs.

Metro Market Assessment

Metro Market Score 54.1
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

Champaign-Urbana's finance and insurance market sits near the national metro median, ranking #210 of 331 with a market score of 54.1. No single metric stands out as an outlier, which means entry conditions depend more on your specific business model than on broad market forces.

Industry Concentration
54.7
LQ: 0.64
Rank #181 of 331 metros
Wage Competitiveness
37.2
$83,087 avg wage
Growth Trend
↓ 23.9
Employment growth index
Rank #253 of 331 metros
Wage Pressure
41.4
YoY wage change index

252 Finance and Insurance Firms in Champaign-Urbana

252
Establishments
-1.2% YoY
2,727
Total Employment
-3.6% YoY
$83,087
Average Annual Wage
+4.4% YoY
0.64
Location Quotient
Below national avg

Champaign-Urbana vs Illinois Statewide

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

Measure Champaign-Urbana IL Statewide
Overall Score 54.1 Challenging 46.2 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #210 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 Champaign-Urbana

Retail Trade 24.9 Construction 49.7 Professional, Scientific, and Technical Services 53.4 Other Services 54.0 Administrative and Support Services 56.2 Information 58.6 Real Estate and Rental and Leasing 59.2

Finance and Insurance in Other Illinois Metros

Kankakee 25.8 #23/331 Rockford 53.0 #198/331 Decatur 56.0 #226/331 Bloomington 59.3 #242/331 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 Champaign-Urbana's finance and insurance sector, the employment growth component (76.1) 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.