NAICS 52

Finance and Insurance in Michigan City-La Porte, IN

Metro Market Score 29.6 (Favorable), ranked #46 of 331 metros. 131 establishments, 820 jobs.

Metro Market Score 29.6

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

✓Favorable Market

Employment in Michigan City-La Porte's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 70.7. Combined with a 29.6 market score, this metro sits in the top quartile for overall conditions.

Industry Concentration

31.7

LQ: 0.50

Rank #105 of 331 metros

Wage Competitiveness

20.5

$75,670 avg wage

Growth Trend

↑ 70.7

Employment growth index

Rank #98 of 331 metros

Wage Pressure

38.6

YoY wage change index

131 Finance and Insurance Firms in Michigan City-La Porte

131

Establishments

+9.2% YoY

820

Total Employment

+0.9% YoY

$75,670

Average Annual Wage

+3.3% YoY

0.50

Location Quotient

Below national avg

Within Indiana

#3 of 9

finance and insurance metros in state

Indiana state rank

#9 of 51

for finance and insurance entry risk

vs State Median

-1.3

better than median (30.9)

Michigan City-La Porte vs Indiana Statewide

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

Measure	Michigan City-La Porte	IN Statewide
Overall Score	29.6 Favorable	45.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#46 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 Michigan City-La Porte

Information 32.3 Other Services 38.0 Real Estate and Rental and Leasing 39.1 Accommodation and Food Services 40.5 Healthcare and Social Assistance 46.8 Professional, Scientific, and Technical Services 47.4 Administrative and Support Services 51.5 Retail Trade 55.6 Construction 59.4

Finance and Insurance in Other Indiana Metros

Muncie 25.1 #20/331 Elkhart-Goshen 26.5 #25/331 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 Michigan City-La Porte's 29.6 score. Useful when comparing markets with comparable entry profiles.

Mansfield, OH 29.5 #45/331 Hinesville, GA 29.7 #47/331 Farmington, NM 29.4 #44/331 Gettysburg, PA 29.7 #48/331 Gadsden, AL 29.2 #43/331 Longview, TX 29.9 #49/331 Kingsport-Bristol, TN 30.0 #50/331 Kenosha, WI 29.0 #42/331 Anniston-Oxford, AL 29.0 #41/331 Lawrence, KS 29.0 #40/331

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 Michigan City-La Porte's finance and insurance sector, the employment growth component (29.3) 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 Michigan City-La Porte, IN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment