NAICS 52

Finance and Insurance in Elkhart-Goshen, IN

Metro Market Score 26.5 (Favorable), ranked #25 of 331 metros. 222 establishments, 1,790 jobs.

Metro Market Score 26.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

📈Rapid Growth✓Favorable Market🌱Emerging Market

Elkhart-Goshen ranks in the top 10% for finance and insurance market conditions, driven by above-average employment growth. With a market score of 26.5, conditions are relatively favorable compared to most metros.

Industry Concentration

6.7

LQ: 0.35

Rank #22 of 331 metros

Wage Competitiveness

32.9

$80,787 avg wage

Growth Trend

↑ 80.1

Employment growth index

Rank #67 of 331 metros

Wage Pressure

53.2

YoY wage change index

222 Finance and Insurance Firms in Elkhart-Goshen

222

Establishments

+3.3% YoY

1,790

Total Employment

+2.0% YoY

$80,787

Average Annual Wage

+9.0% YoY

0.35

Location Quotient

Below national avg

Within Indiana

#2 of 9

finance and insurance metros in state

Indiana state rank

#9 of 51

for finance and insurance entry risk

vs State Median

-4.4

better than median (30.9)

Elkhart-Goshen vs Indiana Statewide

How this metro's finance and insurance market compares to Indiana overall. The state ranks #9/51 for entry risk.

Measure	Elkhart-Goshen	IN Statewide
Overall Score	26.5 Favorable	45.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#25 of 331 metros	#9 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 Elkhart-Goshen

Information 17.4 Professional, Scientific, and Technical Services 19.7 Real Estate and Rental and Leasing 21.4 Healthcare and Social Assistance 35.9 Administrative and Support Services 41.5 Construction 44.3 Accommodation and Food Services 46.0 Retail Trade 48.1 Other Services 52.7

Finance and Insurance in Other Indiana Metros

Muncie 25.1 #20/331 Michigan City-La Porte 29.6 #46/331 Columbus 30.6 #52/331 Bloomington 30.9 #53/331 Kokomo 44.3 #143/331 South Bend-Mishawaka 47.5 #156/331 Fort Wayne 61.4 #254/331 Evansville 67.2 #278/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Elkhart-Goshen's 26.5 score. Useful when comparing markets with comparable entry profiles.

McAllen-Edinburg-Mission, TX 26.8 #26/331 Jonesboro, AR 27.0 #27/331 Atlantic City-Hammonton, NJ 26.0 #24/331 Kankakee, IL 25.8 #23/331 Brunswick-St. Simons, GA 27.3 #28/331 Goldsboro, NC 27.5 #29/331 Blacksburg-Christiansburg-Radford, VA 27.5 #30/331 Rocky Mount, NC 25.5 #22/331 Elmira, NY 25.2 #21/331 Spartanburg, SC 27.9 #31/331

Finance and Insurance in States Bordering Indiana

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

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

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 Elkhart-Goshen's finance and insurance sector, the wage pressure component (53.2) 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 Elkhart-Goshen, IN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment