NAICS 52

Finance and Insurance in Chicago-Naperville-Elgin, IL

Metro Market Score 72.3 (Difficult), ranked #305 of 331 metros. 12,855 establishments, 219,566 jobs.

Metro Market Assessment

Metro Market Score 72.3
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

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

💰High-Cost Market

Market conditions for finance and insurance in Chicago-Naperville-Elgin are tougher than average. The 72.3 market score reflects a combination of high labor costs, mixed growth signals, and an already crowded field. Rank: #305 of 331 metros.

Industry Concentration
92.8
LQ: 1.22
Rank #307 of 331 metros
Wage Competitiveness
98.5
$174,104 avg wage
Growth Trend
↓ 43.2
Employment growth index
Rank #189 of 331 metros
Wage Pressure
37.0
YoY wage change index

12,855 Finance and Insurance Firms in Chicago-Naperville-Elgin

12,855
Establishments
-2.6% YoY
219,566
Total Employment
-1.4% YoY
$174,104
Average Annual Wage
+2.7% YoY
1.22
Location Quotient
Above national avg

Chicago-Naperville-Elgin vs Illinois Statewide

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

Measure Chicago-Naperville-Elgin IL Statewide
Overall Score 72.3 Difficult 46.2 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #305 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 Chicago-Naperville-Elgin

Construction 61.1 Retail Trade 63.1 Real Estate and Rental and Leasing 69.1 Administrative and Support Services 81.1

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 Bloomington 59.3 #242/331

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 Chicago-Naperville-Elgin's finance and insurance sector, the wage competitiveness component (98.5) 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

Data period: 2024. Last updated: April 2026.