NAICS 52

Finance and Insurance in Evansville, IN

Metro Market Score 67.2 (Difficult), ranked #278 of 331 metros. 462 establishments, 3,586 jobs.

Metro Market Score 67.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

Evansville's finance and insurance sector saw employment decline over the past year (growth trend: 2.7). That contraction, combined with a 67.2 market score, puts this metro in the bottom quartile for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

58.6

LQ: 0.66

Rank #194 of 331 metros

Wage Competitiveness

45.6

$86,829 avg wage

Growth Trend

↓ 2.7

Employment growth index

Rank #323 of 331 metros

Wage Pressure

59.9

YoY wage change index

462 Finance and Insurance Firms in Evansville

462

Establishments

-14.3% YoY

3,586

Total Employment

-16.5% YoY

$86,829

Average Annual Wage

+11.6% YoY

0.66

Location Quotient

Below national avg

Within Indiana

#9 of 9

finance and insurance metros in state

Indiana state rank

#9 of 51

for finance and insurance entry risk

vs State Median

+36.3

worse than median (30.9)

Evansville vs Indiana Statewide

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

Measure	Evansville	IN Statewide
Overall Score	67.2 Difficult	45.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#278 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 Evansville

Real Estate and Rental and Leasing 36.6 Information 36.9 Administrative and Support Services 58.0 Retail Trade 59.8 Accommodation and Food Services 60.2 Other Services 63.6 Construction 66.1

Finance and Insurance in Other Indiana Metros

Muncie 25.1 #20/331 Elkhart-Goshen 26.5 #25/331 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

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Evansville's 67.2 score. Useful when comparing markets with comparable entry profiles.

Akron, OH 67.2 #279/331 Birmingham, AL 67.1 #277/331 Harrisburg-Carlisle, PA 67.0 #275/331 Phoenix-Mesa-Chandler, AZ 67.0 #276/331 Santa Rosa-Petaluma, CA 67.4 #280/331 Los Angeles-Long Beach-Anaheim, CA 67.4 #281/331 Tampa-St. Petersburg-Clearwater, FL 66.8 #274/331 Johnson City, TN 67.8 #282/331 Coeur d'Alene, ID 67.9 #283/331 Louisville-Jefferson County, KY 68.2 #284/331

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 Evansville's finance and insurance sector, the employment growth component (97.3) 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 Evansville, IN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment