NAICS 52

Finance and Insurance in Monroe, MI

Metro Market Score 17.3 (Favorable), ranked #2 of 331 metros. 107 establishments, 684 jobs.

Metro Market Assessment

Metro Market Score 17.3
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Favorable

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

✓Favorable Market🌱Emerging Market

Monroe ranks in the top 10% for finance and insurance market conditions, driven by above-average employment growth. With a market score of 17.3, conditions are relatively favorable compared to most metros.

Industry Concentration
15.1
LQ: 0.41
Rank #50 of 331 metros
Wage Competitiveness
6.7
$66,850 avg wage
Growth Trend
↑ 68.0
Employment growth index
Rank #107 of 331 metros
Wage Pressure
11.3
YoY wage change index

107 Finance and Insurance Firms in Monroe

107
Establishments
-8.5% YoY
684
Total Employment
+0.7% YoY
$66,850
Average Annual Wage
-7.3% YoY
0.41
Location Quotient
Below national avg

Monroe vs Michigan Statewide

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

Measure Monroe MI Statewide
Overall Score 17.3 Favorable 49.8 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #2 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 Monroe

Information 15.5 Real Estate and Rental and Leasing 19.6 Healthcare and Social Assistance 27.3 Accommodation and Food Services 43.1 Construction 45.3 Other Services 52.0 Retail Trade 55.1 Administrative and Support Services 72.5

Finance and Insurance in Other Michigan Metros

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 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 Monroe's finance and insurance sector, the employment growth component (32.0) 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

Data period: 2024. Last updated: April 2026.