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 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

Within Michigan

#1 of 15

finance and insurance metros in state

Michigan state rank

#23 of 51

for finance and insurance entry risk

vs State Median

-30.5

better than median (47.8)

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 →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Monroe's 17.3 score. Useful when comparing markets with comparable entry profiles.

Joplin, MO 17.5 #3/331 Jackson, TN 16.9 #1/331 Lake Havasu City-Kingman, AZ 18.6 #4/331 Bakersfield-Delano, CA 19.0 #5/331 Auburn-Opelika, AL 19.0 #6/331 Sierra Vista-Douglas, AZ 19.4 #7/331 Muskegon-Norton Shores, MI 19.4 #8/331 Morristown, TN 20.1 #9/331 Warner Robins, GA 20.8 #10/331

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 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Monroe, MI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment