NAICS 52

Finance and Insurance in Pittsfield, MA

Metro Market Score 70.7 (Difficult), ranked #299 of 331 metros. 168 establishments, 1,446 jobs.

Metro Market Score 70.7

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

💰High-Cost Market

Finance and Insurance employment in Pittsfield contracted year-over-year, placing the growth trend in the bottom 10% at 3.3. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration

50.5

LQ: 0.61

Rank #167 of 331 metros

Wage Competitiveness

84.6

$112,982 avg wage

Growth Trend

↓ 3.3

Employment growth index

Rank #321 of 331 metros

Wage Pressure

39.6

YoY wage change index

168 Finance and Insurance Firms in Pittsfield

168

Establishments

-1.8% YoY

1,446

Total Employment

-14.6% YoY

$112,982

Average Annual Wage

+3.7% YoY

0.61

Location Quotient

Below national avg

Within Massachusetts

#3 of 6

finance and insurance metros in state

Massachusetts state rank

#15 of 51

for finance and insurance entry risk

vs State Median

-7.0

better than median (77.7)

Pittsfield vs Massachusetts Statewide

How this metro's finance and insurance market compares to Massachusetts overall. The state ranks #15/51 for entry risk.

Measure	Pittsfield	MA Statewide
Overall Score	70.7 Difficult	48.2 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#299 of 331 metros	#15 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 Pittsfield

Real Estate and Rental and Leasing 48.2 Administrative and Support Services 48.7 Information 54.5 Construction 54.5 Professional, Scientific, and Technical Services 68.4 Healthcare and Social Assistance 69.7 Other Services 70.7 Retail Trade 77.0 Accommodation and Food Services 81.5

Finance and Insurance in Other Massachusetts Metros

Amherst Town-Northampton 37.8 #88/331 Barnstable Town 59.8 #245/331 Worcester 77.7 #323/331 Boston-Cambridge-Newton 79.1 #328/331 Springfield 82.0 #330/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Pittsfield's 70.7 score. Useful when comparing markets with comparable entry profiles.

Green Bay, WI 70.5 #298/331 Sacramento-Roseville-Folsom, CA 70.8 #300/331 Cheyenne, WY 70.1 #297/331 Naples-Marco Island, FL 70.1 #296/331 Charleston-North Charleston, SC 70.0 #295/331 Kalamazoo-Portage, MI 70.0 #294/331 Washington-Arlington-Alexandria, DC 69.7 #293/331 Portland-Vancouver-Hillsboro, OR 69.7 #292/331 San Diego-Chula Vista-Carlsbad, CA 72.0 #301/331 San Antonio-New Braunfels, TX 72.0 #302/331

Finance and Insurance in States Bordering Massachusetts

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

Rhode Island 41.9 #4/51 New Hampshire 49.8 #22/51 Vermont 53.6 #34/51 New York 65.4 #49/51 Connecticut 73.7 #51/51

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 Pittsfield's finance and insurance sector, the employment growth component (96.7) 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 Pittsfield, MA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment