NAICS 52

Finance and Insurance in Jackson, MI

Metro Market Score 42.4 (Moderate), ranked #122 of 331 metros. 149 establishments, 1,579 jobs.

Metro Market Score 42.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

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

Despite a mature finance and insurance presence (concentration: 64.0), Jackson is still adding jobs in this sector. Growth trend sits at 63.1, and the overall 42.4 market score lands in the upper half. Established markets with growth are worth a closer look.

Industry Concentration

64.0

LQ: 0.70

Rank #212 of 331 metros

Wage Competitiveness

24.5

$77,904 avg wage

Growth Trend

↑ 63.1

Employment growth index

Rank #123 of 331 metros

Wage Pressure

46.0

YoY wage change index

149 Finance and Insurance Firms in Jackson

149

Establishments

-5.7% YoY

1,579

Total Employment

+0.3% YoY

$77,904

Average Annual Wage

+6.2% YoY

0.70

Location Quotient

Below national avg

Within Michigan

#6 of 15

finance and insurance metros in state

Michigan state rank

#23 of 51

for finance and insurance entry risk

vs State Median

-5.4

better than median (47.8)

Jackson vs Michigan Statewide

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

Measure	Jackson	MI Statewide
Overall Score	42.4 Moderate	49.8 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#122 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 Jackson

Information 26.9 Real Estate and Rental and Leasing 27.4 Construction 36.9 Accommodation and Food Services 39.0 Healthcare and Social Assistance 56.1 Other Services 59.2 Administrative and Support Services 60.1 Professional, Scientific, and Technical Services 60.5 Retail Trade 67.4

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 Niles 44.1 #138/331 Grand Rapids-Wyoming-Kentwood 47.8 #158/331 Lansing-East Lansing 50.5 #176/331 Ann Arbor 52.0 #188/331 Saginaw 53.3 #200/331

+ 4 more metros. View all in Michigan →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Jackson's 42.4 score. Useful when comparing markets with comparable entry profiles.

Enid, OK 42.6 #123/331 Santa Maria-Santa Barbara, CA 42.6 #124/331 Fresno, CA 42.2 #121/331 Flagstaff, AZ 42.6 #125/331 Grants Pass, OR 42.0 #119/331 Abilene, TX 42.0 #120/331 Pueblo, CO 42.9 #126/331 Logan, UT 41.9 #118/331 Sebring, FL 41.8 #117/331 Fayetteville, NC 43.0 #127/331

Finance and Insurance in States Bordering Michigan

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

Wisconsin 45.3 #8/51 Indiana 45.4 #9/51 Ohio 48.2 #14/51

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 Jackson's finance and insurance sector, the industry concentration component (64.0) 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 Jackson, MI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment