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 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

Within Illinois

#3 of 6

finance and insurance metros in state

Illinois state rank

#10 of 51

for finance and insurance entry risk

vs State Median

-1.9

better than median (56.0)

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

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Champaign-Urbana's 54.1 score. Useful when comparing markets with comparable entry profiles.

Knoxville, TN 54.1 #209/331 Waterbury-Shelton, CT 54.0 #208/331 Fort Collins-Loveland, CO 53.9 #207/331 San Jose-Sunnyvale-Santa Clara, CA 54.3 #211/331 Lancaster, PA 54.3 #212/331 Bozeman, MT 54.4 #213/331 North Port-Bradenton-Sarasota, FL 54.4 #214/331 Hagerstown-Martinsburg, MD 54.5 #215/331 Detroit-Warren-Dearborn, MI 54.5 #216/331 Shreveport-Bossier City, LA 53.7 #206/331

Finance and Insurance in States Bordering Illinois

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

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

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 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Champaign-Urbana, IL MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment