NAICS 52

Finance and Insurance in Kalamazoo-Portage, MI

Metro Market Score 70.0 (Difficult), ranked #294 of 331 metros. 322 establishments, 3,326 jobs.

Metro Market Assessment

Metro Market Score 70.0
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

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

Finance and Insurance employment in Kalamazoo-Portage contracted year-over-year, placing the growth trend in the bottom quartile at 11.5. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration
60.7
LQ: 0.68
Rank #201 of 331 metros
Wage Competitiveness
66.5
$95,835 avg wage
Growth Trend
↓ 11.5
Employment growth index
Rank #294 of 331 metros
Wage Pressure
58.4
YoY wage change index

322 Finance and Insurance Firms in Kalamazoo-Portage

322
Establishments
-17.9% YoY
3,326
Total Employment
-6.1% YoY
$95,835
Average Annual Wage
+11.0% YoY
0.68
Location Quotient
Below national avg

Kalamazoo-Portage vs Michigan Statewide

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

Measure Kalamazoo-Portage MI Statewide
Overall Score 70.0 Difficult 49.8 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #294 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 Kalamazoo-Portage

Information 43.7 Administrative and Support Services 61.2 Accommodation and Food Services 65.8 Retail Trade 66.6 Real Estate and Rental and Leasing 67.6 Construction 69.5 Professional, Scientific, and Technical Services 70.1 Other Services 74.7 Healthcare and Social Assistance 75.8

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 Ann Arbor 52.0 #188/331

+ 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 Kalamazoo-Portage's finance and insurance sector, the employment growth component (88.5) 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.