NAICS 52

Finance and Insurance in Muskegon-Norton Shores, MI

Metro Market Score 19.4 (Favorable), ranked #8 of 331 metros. 159 establishments, 955 jobs.

Metro Market Assessment

Metro Market Score 19.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Favorable

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

📈Rapid Growth✓Favorable Market🌱Emerging Market

Muskegon-Norton Shores ranks in the top 10% for finance and insurance market conditions, driven by above-average employment growth. With a market score of 19.4, conditions are relatively favorable compared to most metros.

Industry Concentration
8.5
LQ: 0.37
Rank #28 of 331 metros
Wage Competitiveness
19.6
$75,063 avg wage
Growth Trend
↑ 86.4
Employment growth index
Rank #46 of 331 metros
Wage Pressure
41.4
YoY wage change index

159 Finance and Insurance Firms in Muskegon-Norton Shores

159
Establishments
-5.4% YoY
955
Total Employment
+3.2% YoY
$75,063
Average Annual Wage
+4.4% YoY
0.37
Location Quotient
Below national avg

Muskegon-Norton Shores vs Michigan Statewide

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

Measure Muskegon-Norton Shores MI Statewide
Overall Score 19.4 Favorable 49.8 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #8 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 Muskegon-Norton Shores

Professional, Scientific, and Technical Services 7.8 Administrative and Support Services 30.7 Real Estate and Rental and Leasing 31.8 Other Services 32.0 Healthcare and Social Assistance 32.5 Information 38.8 Construction 42.0 Retail Trade 47.1 Accommodation and Food Services 70.2

Finance and Insurance in Other Michigan Metros

Monroe 17.3 #2/331 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 Muskegon-Norton Shores's finance and insurance sector, the wage pressure component (41.4) 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.