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 Assessment

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

97
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

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

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

Data period: 2024. Last updated: April 2026.