NAICS 52

Finance and Insurance in South Bend-Mishawaka, IN

Metro Market Score 47.5 (Moderate), ranked #156 of 331 metros. 441 establishments, 3,727 jobs.

Metro Market Score 47.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

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

Employment in South Bend-Mishawaka's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 65.9. Combined with a 47.5 market score, this metro sits in the upper half for overall conditions.

Industry Concentration

64.7

LQ: 0.70

Rank #214 of 331 metros

Wage Competitiveness

52.3

$89,593 avg wage

Growth Trend

↑ 65.9

Employment growth index

Rank #114 of 331 metros

Wage Pressure

40.4

YoY wage change index

441 Finance and Insurance Firms in South Bend-Mishawaka

441

Establishments

-1.3% YoY

3,727

Total Employment

+0.5% YoY

$89,593

Average Annual Wage

+4.0% YoY

0.70

Location Quotient

Below national avg

Within Indiana

#7 of 9

finance and insurance metros in state

Indiana state rank

#9 of 51

for finance and insurance entry risk

vs State Median

+16.7

worse than median (30.9)

South Bend-Mishawaka vs Indiana Statewide

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

Measure	South Bend-Mishawaka	IN Statewide
Overall Score	47.5 Moderate	45.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#156 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 South Bend-Mishawaka

Real Estate and Rental and Leasing 38.7 Information 41.5 Administrative and Support Services 47.0 Construction 48.4 Professional, Scientific, and Technical Services 50.1 Other Services 53.8 Accommodation and Food Services 59.1 Retail Trade 60.4

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 Fort Wayne 61.4 #254/331 Evansville 67.2 #278/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of South Bend-Mishawaka's 47.5 score. Useful when comparing markets with comparable entry profiles.

Fayetteville-Springdale-Rogers, AR 47.6 #157/331 Olympia-Lacey-Tumwater, WA 47.4 #155/331 Grand Rapids-Wyoming-Kentwood, MI 47.8 #158/331 Florence, SC 47.3 #154/331 Texarkana, TX 46.9 #153/331 Dothan, AL 48.5 #159/331 Casper, WY 46.6 #152/331 Elizabethtown, KY 48.6 #160/331 Dayton-Kettering-Beavercreek, OH 48.7 #161/331 Winchester, VA 48.8 #162/331

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 South Bend-Mishawaka's finance and insurance sector, the industry concentration component (64.7) 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 South Bend-Mishawaka, IN-MI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment