NAICS 52

Finance and Insurance in Indiana: 2026 Market Risk Report

Entry risk 45.4 (Elevated), ranked #9 of 51 states. 11,590 establishments, 103,950 jobs.

Entry Risk Assessment

Entry Risk Score 45.4
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

🛡️Stable Market

Indiana exhibits structural stability in finance and insurance, with volatility at 2.1 and firm retention ranking in the top half. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
68.6%
Percentile within industry
Rank #17 of 51 states
Growth Momentum
25.8
Scale of 0-100
Rank #30 of 51 states
Establishment Density
27.2
vs. national average
Rank #18 of 51 states
Market Volatility
2.1
Lower is more stable
Wage Pressure Index
67.3
Labor cost pressure

11,590 Establishments in Indiana

11,590
Establishments
+0.9% YoY
103,950
Total Employment
+0.4% YoY
$93,284
Average Annual Wage
+5.7% YoY

Indiana vs National Finance and Insurance Average

How Indiana's finance and insurance market compares to the national average across all 51 states.

Metric IN National Difference
Entry Risk Score 45.4 51.9 -6.5
5-Year Retention 68.6% 51.0% +17.6
Growth Momentum 25.8 34.4 -8.6
Market Volatility 2.1 9.6 -7.5
Establishment Density 27.2 42.5 -15.3
Wage Pressure 67.3 66.8 +0.5

Green = favorable vs national average. Red = less favorable. Metrics are relative within finance and insurance only.

Indiana Ranks #9 of 51 for Finance and Insurance

Indiana ranks #9 out of 51 states for finance and insurance market entry conditions.

Finance and Insurance Entry Risk by State

Rank State Risk Score Classification
#1 Hawaii 37.0 moderate
#2 West Virginia 39.8 moderate
#3 Kentucky 40.0 moderate
#4 Rhode Island 41.9 moderate
#5 Maine 42.0 elevated
#9 Indiana You 45.4 elevated
Entry Risk by State Alaska — 49.7 · #21 Alabama — 48.4 · #18 Arkansas — 44.7 · #7 Arizona — 52.6 · #29 California — 46.9 · #12 Colorado — 67.3 · #50 Connecticut — 73.7 · #51 District of Columbia — 47.9 · #13 Delaware — 57.7 · #44 Florida — 61.9 · #46 Georgia — 56.4 · #40 Hawaii — 37.0 · #1 Iowa — 54.3 · #35 Idaho — 56.2 · #39 Illinois — 46.2 · #10 Indiana — 45.4 · #9 Kansas — 57.0 · #42 Kentucky — 40.0 · #3 Louisiana — 42.0 · #6 Massachusetts — 48.2 · #15 Maryland — 52.6 · #30 Maine — 42.0 · #5 Michigan — 49.8 · #23 Minnesota — 46.6 · #11 Missouri — 57.7 · #43 Mississippi — 54.5 · #36 Montana — 59.0 · #45 North Carolina — 48.4 · #17 North Dakota — 52.1 · #28 Nebraska — 49.4 · #20 New Hampshire — 49.8 · #22 New Jersey — 53.2 · #32 New Mexico — 53.1 · #31 Nevada — 55.6 · #38 New York — 65.4 · #49 Ohio — 48.2 · #14 Oklahoma — 64.9 · #48 Oregon — 56.7 · #41 Pennsylvania — 48.8 · #19 Rhode Island — 41.9 · #4 South Carolina — 48.4 · #16 South Dakota — 50.1 · #24 Tennessee — 53.4 · #33 Texas — 50.4 · #25 Utah — 51.9 · #27 Virginia — 50.8 · #26 Vermont — 53.6 · #34 Washington — 55.5 · #37 Wisconsin — 45.3 · #8 West Virginia — 39.8 · #2 Wyoming — 62.0 · #47
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Indiana stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

How Indiana's finance and insurance market compares to bordering states.

Kentucky 40.0 #3/51 Illinois 46.2 #10/51 Ohio 48.2 #14/51 Michigan 49.8 #23/51

Other Industries in Indiana

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →