NAICS 52

Finance and Insurance in Worcester, MA

Metro Market Score 77.7 (Difficult), ranked #323 of 331 metros. 886 establishments, 11,623 jobs.

Metro Market Score 77.7

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 Worcester contracted year-over-year, placing the growth trend in the bottom 10% at 8.2. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration

74.9

LQ: 0.81

Rank #248 of 331 metros

Wage Competitiveness

86.4

$118,404 avg wage

Growth Trend

↓ 8.2

Employment growth index

Rank #305 of 331 metros

Wage Pressure

49.1

YoY wage change index

886 Finance and Insurance Firms in Worcester

886

Establishments

-15.8% YoY

11,623

Total Employment

-7.0% YoY

$118,404

Average Annual Wage

+7.4% YoY

0.81

Location Quotient

Below national avg

Within Massachusetts

#4 of 6

finance and insurance metros in state

Massachusetts state rank

#15 of 51

for finance and insurance entry risk

vs State Median

0.0

matches median (77.7)

Worcester vs Massachusetts Statewide

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

Measure	Worcester	MA Statewide
Overall Score	77.7 Difficult	48.2 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#323 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 Worcester

Real Estate and Rental and Leasing 61.4 Other Services 62.5 Information 65.6 Accommodation and Food Services 66.2 Administrative and Support Services 69.4 Construction 70.7 Retail Trade 74.0 Professional, Scientific, and Technical Services 76.1 Healthcare and Social Assistance 84.9

Finance and Insurance in Other Massachusetts Metros

Amherst Town-Northampton 37.8 #88/331 Barnstable Town 59.8 #245/331 Pittsfield 70.7 #299/331 Boston-Cambridge-Newton 79.1 #328/331 Springfield 82.0 #330/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Worcester's 77.7 score. Useful when comparing markets with comparable entry profiles.

Winston-Salem, NC 77.7 #324/331 Albany-Schenectady-Troy, NY 77.9 #325/331 Hartford-West Hartford-East Hartford, CT 78.3 #326/331 Columbus, OH 78.4 #327/331 Omaha, NE 76.6 #322/331 New Orleans-Metairie, LA 76.3 #321/331 Boston-Cambridge-Newton, MA 79.1 #328/331 Raleigh-Cary, NC 76.3 #320/331 Cedar Rapids, IA 75.8 #319/331 Houston-Pasadena-The Woodlands, TX 75.3 #318/331

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 Worcester's finance and insurance sector, the employment growth component (91.8) 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 Worcester, MA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment