NAICS 52

Finance and Insurance in Lafayette, LA

Metro Market Score 60.6 (Difficult), ranked #248 of 331 metros. 894 establishments, 4,571 jobs.

Metro Market Score 60.6

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

Lafayette's finance and insurance sector saw employment decline over the past year (growth trend: 4.5). That contraction, combined with a 60.6 market score, puts this metro in the lower half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

55.9

LQ: 0.64

Rank #185 of 331 metros

Wage Competitiveness

32.3

$80,654 avg wage

Growth Trend

↓ 4.5

Employment growth index

Rank #317 of 331 metros

Wage Pressure

49.6

YoY wage change index

894 Finance and Insurance Firms in Lafayette

894

Establishments

-11.4% YoY

4,571

Total Employment

-12.5% YoY

$80,654

Average Annual Wage

+7.6% YoY

0.64

Location Quotient

Below national avg

Within Louisiana

#6 of 7

finance and insurance metros in state

Louisiana state rank

#6 of 51

for finance and insurance entry risk

vs State Median

+7.3

worse than median (53.3)

Lafayette vs Louisiana Statewide

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

Measure	Lafayette	LA Statewide
Overall Score	60.6 Difficult	42.0 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#248 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 Lafayette

Accommodation and Food Services 62.3 Professional, Scientific, and Technical Services 62.8 Construction 63.4 Retail Trade 71.2 Real Estate and Rental and Leasing 77.6

Finance and Insurance in Other Louisiana Metros

Monroe 32.0 #60/331 Hammond 32.2 #62/331 Houma-Bayou Cane-Thibodaux 37.5 #85/331 Slidell-Mandeville-Covington 53.3 #202/331 Shreveport-Bossier City 53.7 #206/331 New Orleans-Metairie 76.3 #321/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Lafayette's 60.6 score. Useful when comparing markets with comparable entry profiles.

Wausau, WI 60.6 #249/331 Crestview-Fort Walton Beach-Destin, FL 60.9 #250/331 Santa Cruz-Watsonville, CA 61.0 #251/331 Dubuque, IA 60.1 #247/331 Des Moines-West Des Moines, IA 60.0 #246/331 Burlington, NC 61.4 #252/331 Boulder, CO 61.4 #253/331 Fort Wayne, IN 61.4 #254/331 Barnstable Town, MA 59.8 #245/331 Bellingham, WA 61.5 #255/331

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 Lafayette's finance and insurance sector, the employment growth component (95.5) 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 Lafayette, LA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment