NAICS 52

Finance and Insurance in Maryland: 2026 Market Risk Report

Entry risk 52.6 (Elevated), ranked #30 of 51 states. 9,106 establishments, 83,230 jobs.

Entry Risk Assessment

Entry Risk Score 52.6
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

⛔High Barrier to Entry

The finance and insurance sector in Maryland is tracking close to the U.S. baseline, with no extreme signals in volatility, saturation, or wage pressure. Entry conditions are within the national median range.

5-Year Firm Retention
39.2%
Percentile within industry
Rank #32 of 51 states
Growth Momentum
33.2
Scale of 0-100
Rank #24 of 51 states
Establishment Density
14.4
vs. national average
Rank #7 of 51 states
Market Volatility
12.9
Lower is more stable
Wage Pressure Index
70.3
Labor cost pressure

9,106 Establishments in Maryland

9,106
Establishments
+1.4% YoY
83,230
Total Employment
-1.3% YoY
$141,289
Average Annual Wage
+6.0% YoY

Maryland vs National Finance and Insurance Average

How Maryland's finance and insurance market compares to the national average across all 51 states.

Metric MD National Difference
Entry Risk Score 52.6 51.9 +0.7
5-Year Retention 39.2% 51.0% -11.8
Growth Momentum 33.2 34.4 -1.2
Market Volatility 12.9 9.6 +3.3
Establishment Density 14.4 42.5 -28.1
Wage Pressure 70.3 66.8 +3.5

Green = favorable vs national average. Red = less favorable. Metrics are relative within finance and insurance only.

Maryland Ranks #30 of 51 for Finance and Insurance

Maryland ranks #30 out of 51 states for finance and insurance market entry conditions.

Finance and Insurance Entry Risk by State

Rank State Risk Score Classification
#1 Hawaii 37.0 moderate
#2 West Virginia 39.8 moderate
#3 Kentucky 40.0 moderate
#4 Rhode Island 41.9 moderate
#5 Maine 42.0 elevated
#30 Maryland You 52.6 elevated
Entry Risk by State Alaska — 49.7 · #21 Alabama — 48.4 · #18 Arkansas — 44.7 · #7 Arizona — 52.6 · #29 California — 46.9 · #12 Colorado — 67.3 · #50 Connecticut — 73.7 · #51 District of Columbia — 47.9 · #13 Delaware — 57.7 · #44 Florida — 61.9 · #46 Georgia — 56.4 · #40 Hawaii — 37.0 · #1 Iowa — 54.3 · #35 Idaho — 56.2 · #39 Illinois — 46.2 · #10 Indiana — 45.4 · #9 Kansas — 57.0 · #42 Kentucky — 40.0 · #3 Louisiana — 42.0 · #6 Massachusetts — 48.2 · #15 Maryland — 52.6 · #30 Maine — 42.0 · #5 Michigan — 49.8 · #23 Minnesota — 46.6 · #11 Missouri — 57.7 · #43 Mississippi — 54.5 · #36 Montana — 59.0 · #45 North Carolina — 48.4 · #17 North Dakota — 52.1 · #28 Nebraska — 49.4 · #20 New Hampshire — 49.8 · #22 New Jersey — 53.2 · #32 New Mexico — 53.1 · #31 Nevada — 55.6 · #38 New York — 65.4 · #49 Ohio — 48.2 · #14 Oklahoma — 64.9 · #48 Oregon — 56.7 · #41 Pennsylvania — 48.8 · #19 Rhode Island — 41.9 · #4 South Carolina — 48.4 · #16 South Dakota — 50.1 · #24 Tennessee — 53.4 · #33 Texas — 50.4 · #25 Utah — 51.9 · #27 Virginia — 50.8 · #26 Vermont — 53.6 · #34 Washington — 55.5 · #37 Wisconsin — 45.3 · #8 West Virginia — 39.8 · #2 Wyoming — 62.0 · #47
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Maryland stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

How Maryland's finance and insurance market compares to bordering states.

West Virginia 39.8 #2/51 District of Columbia 47.9 #13/51 Pennsylvania 48.8 #19/51 Virginia 50.8 #26/51 Delaware 57.7 #44/51

Other Industries in Maryland

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →