NAICS 52

Finance and Insurance in Bangor, ME

Metro Market Score 30.3 (Favorable), ranked #51 of 331 metros. 196 establishments, 1,448 jobs.

Metro Market Score 30.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

📈Rapid Growth🌱Emerging Market

Employment in Bangor's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 83.7. Combined with a 30.3 market score, this metro sits in the top quartile for overall conditions.

Industry Concentration

29.6

LQ: 0.50

Rank #98 of 331 metros

Wage Competitiveness

37.5

$83,217 avg wage

Growth Trend

↑ 83.7

Employment growth index

Rank #55 of 331 metros

Wage Pressure

42.9

YoY wage change index

196 Finance and Insurance Firms in Bangor

196

Establishments

+0.5% YoY

1,448

Total Employment

+2.6% YoY

$83,217

Average Annual Wage

+5.0% YoY

0.50

Location Quotient

Below national avg

Within Maine

#1 of 2

finance and insurance metros in state

Maine state rank

#5 of 51

for finance and insurance entry risk

vs State Median

-32.5

better than median (62.8)

Bangor vs Maine Statewide

How this metro's finance and insurance market compares to Maine overall. The state ranks #5/51 for entry risk.

Measure	Bangor	ME Statewide
Overall Score	30.3 Favorable	42.0 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#51 of 331 metros	#5 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 Bangor

Administrative and Support Services 27.6 Other Services 35.4 Professional, Scientific, and Technical Services 36.4 Information 43.9 Accommodation and Food Services 44.8 Real Estate and Rental and Leasing 47.4 Construction 47.9 Healthcare and Social Assistance 53.8 Retail Trade 61.6

Finance and Insurance in Other Maine Metros

Lewiston-Auburn 62.8 #261/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Bangor's 30.3 score. Useful when comparing markets with comparable entry profiles.

Kingsport-Bristol, TN 30.0 #50/331 Longview, TX 29.9 #49/331 Columbus, IN 30.6 #52/331 Gettysburg, PA 29.7 #48/331 Hinesville, GA 29.7 #47/331 Bloomington, IN 30.9 #53/331 Victoria, TX 30.9 #54/331 Michigan City-La Porte, IN 29.6 #46/331 Mansfield, OH 29.5 #45/331 Albany, GA 31.0 #55/331

Finance and Insurance in States Bordering Maine

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

New Hampshire 49.8 #22/51

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 Bangor's finance and insurance sector, the wage competitiveness component (37.5) 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 Bangor, ME MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment