NAICS 52

Finance and Insurance in Kankakee, IL

Metro Market Score 25.8 (Favorable), ranked #23 of 331 metros. 97 establishments, 791 jobs.

Metro Market Score 25.8

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

✓Favorable Market🌱Emerging Market

Employment in Kankakee's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 66.5. Combined with a 25.8 market score, this metro sits in the top 10% for overall conditions.

Industry Concentration

23.0

LQ: 0.46

Rank #76 of 331 metros

Wage Competitiveness

8.8

$68,796 avg wage

Growth Trend

↑ 66.5

Employment growth index

Rank #112 of 331 metros

Wage Pressure

38.8

YoY wage change index

97 Finance and Insurance Firms in Kankakee

Establishments

-4.9% YoY

791

Total Employment

+0.6% YoY

$68,796

Average Annual Wage

+3.4% YoY

0.46

Location Quotient

Below national avg

Within Illinois

#1 of 6

finance and insurance metros in state

Illinois state rank

#10 of 51

for finance and insurance entry risk

vs State Median

-30.2

better than median (56.0)

Kankakee vs Illinois Statewide

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

Measure	Kankakee	IL Statewide
Overall Score	25.8 Favorable	46.2 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#23 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 Kankakee

Construction 27.1 Information 33.1 Accommodation and Food Services 35.5 Healthcare and Social Assistance 41.1 Real Estate and Rental and Leasing 47.5 Other Services 49.2 Retail Trade 49.5 Administrative and Support Services 59.3

Finance and Insurance in Other Illinois Metros

Rockford 53.0 #198/331 Champaign-Urbana 54.1 #210/331 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 Kankakee's 25.8 score. Useful when comparing markets with comparable entry profiles.

Atlantic City-Hammonton, NJ 26.0 #24/331 Rocky Mount, NC 25.5 #22/331 Elmira, NY 25.2 #21/331 Muncie, IN 25.1 #20/331 Elkhart-Goshen, IN 26.5 #25/331 McAllen-Edinburg-Mission, TX 26.8 #26/331 Jonesboro, AR 27.0 #27/331 Beckley, WV 24.2 #19/331 Brunswick-St. Simons, GA 27.3 #28/331 Battle Creek, MI 24.2 #18/331

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 Kankakee's finance and insurance sector, the employment growth component (33.5) 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

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

Data period: 2024. Last updated: April 2026.

Metro Market Assessment