NAICS 52

Finance and Insurance in Ann Arbor, MI

Metro Market Score 52.0 (Challenging), ranked #188 of 331 metros. 419 establishments, 3,448 jobs.

Metro Market Assessment

Metro Market Score 52.0
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

Ann Arbor's finance and insurance sector saw employment decline over the past year (growth trend: 17.8). That contraction, combined with a 52.0 market score, puts this metro in the lower half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration
10.9
LQ: 0.39
Rank #36 of 331 metros
Wage Competitiveness
72.2
$101,896 avg wage
Growth Trend
↓ 17.8
Employment growth index
Rank #273 of 331 metros
Wage Pressure
32.6
YoY wage change index

419 Finance and Insurance Firms in Ann Arbor

419
Establishments
-9.5% YoY
3,448
Total Employment
-4.3% YoY
$101,896
Average Annual Wage
+1.0% YoY
0.39
Location Quotient
Below national avg

Ann Arbor vs Michigan Statewide

How this metro's finance and insurance market compares to Michigan overall. The state ranks #23/51 for entry risk.

Measure Ann Arbor MI Statewide
Overall Score 52.0 Challenging 49.8 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #188 of 331 metros #23 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 Ann Arbor

Other Services 41.2 Healthcare and Social Assistance 42.4 Construction 42.6 Real Estate and Rental and Leasing 44.3 Retail Trade 52.6 Administrative and Support Services 54.2 Accommodation and Food Services 59.3 Information 61.6 Professional, Scientific, and Technical Services 81.1

Finance and Insurance in Other Michigan Metros

Monroe 17.3 #2/331 Muskegon-Norton Shores 19.4 #8/331 Battle Creek 24.2 #18/331 Bay City 31.5 #57/331 Midland 41.6 #113/331 Jackson 42.4 #122/331 Niles 44.1 #138/331 Grand Rapids-Wyoming-Kentwood 47.8 #158/331 Lansing-East Lansing 50.5 #176/331 Saginaw 53.3 #200/331

+ 4 more metros. View all in Michigan →

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 Ann Arbor's finance and insurance sector, the employment growth component (82.2) 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

Data period: 2024. Last updated: April 2026.