NAICS 52

Finance and Insurance in Hammond, LA

Metro Market Score 32.2 (Favorable), ranked #62 of 331 metros. 223 establishments, 1,111 jobs.

Metro Market Score 32.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

Hammond ranks in the top quartile for finance and insurance market conditions, driven by above-average employment growth. With a market score of 32.2, conditions are relatively favorable compared to most metros.

Industry Concentration

45.9

LQ: 0.58

Rank #152 of 331 metros

Wage Competitiveness

5.7

$66,537 avg wage

Growth Trend

↑ 67.7

Employment growth index

Rank #108 of 331 metros

Wage Pressure

48.1

YoY wage change index

223 Finance and Insurance Firms in Hammond

223

Establishments

+3.2% YoY

1,111

Total Employment

+0.7% YoY

$66,537

Average Annual Wage

+7.0% YoY

0.58

Location Quotient

Below national avg

Within Louisiana

#2 of 7

finance and insurance metros in state

Louisiana state rank

#6 of 51

for finance and insurance entry risk

vs State Median

-21.1

better than median (53.3)

Hammond vs Louisiana Statewide

How this metro's finance and insurance market compares to Louisiana overall. The state ranks #6/51 for entry risk.

Measure	Hammond	LA Statewide
Overall Score	32.2 Favorable	42.0 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#62 of 331 metros	#6 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 Hammond

Real Estate and Rental and Leasing 19.4 Information 22.8 Construction 29.7 Professional, Scientific, and Technical Services 32.6 Accommodation and Food Services 40.5 Administrative and Support Services 41.8 Healthcare and Social Assistance 41.8 Other Services 42.7 Retail Trade 69.7

Finance and Insurance in Other Louisiana Metros

Monroe 32.0 #60/331 Houma-Bayou Cane-Thibodaux 37.5 #85/331 Slidell-Mandeville-Covington 53.3 #202/331 Shreveport-Bossier City 53.7 #206/331 Lafayette 60.6 #248/331 New Orleans-Metairie 76.3 #321/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Hammond's 32.2 score. Useful when comparing markets with comparable entry profiles.

Cleveland, TN 32.1 #61/331 Janesville-Beloit, WI 32.0 #59/331 Monroe, LA 32.0 #60/331 Longview-Kelso, WA 31.9 #58/331 Redding, CA 32.8 #63/331 Bay City, MI 31.5 #57/331 Hickory-Lenoir-Morganton, NC 33.1 #64/331 Sumter, SC 33.3 #65/331 Wenatchee-East Wenatchee, WA 33.3 #66/331 Lima, OH 31.2 #56/331

Finance and Insurance in States Bordering Louisiana

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

Arkansas 44.7 #7/51 Texas 50.4 #25/51 Mississippi 54.5 #36/51

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 Hammond's finance and insurance sector, the industry concentration component (45.9) 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 Hammond, LA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment