NAICS 52

Finance and Insurance in Niles, MI

Metro Market Score 44.1 (Moderate), ranked #138 of 331 metros. 180 establishments, 2,013 jobs.

Metro Market Assessment

Metro Market Score 44.1
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

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

📈Rapid Growth

Employment in Niles's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 81.0. Combined with a 44.1 market score, this metro sits in the upper half for overall conditions.

Industry Concentration
75.5
LQ: 0.82
Rank #250 of 331 metros
Wage Competitiveness
40.2
$84,874 avg wage
Growth Trend
↑ 81.0
Employment growth index
Rank #64 of 331 metros
Wage Pressure
47.3
YoY wage change index

180 Finance and Insurance Firms in Niles

180
Establishments
-1.1% YoY
2,013
Total Employment
+2.0% YoY
$84,874
Average Annual Wage
+6.7% YoY
0.82
Location Quotient
Below national avg

Niles vs Michigan Statewide

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

Measure Niles MI Statewide
Overall Score 44.1 Moderate 49.8 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #138 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 Niles

Information 20.3 Healthcare and Social Assistance 26.7 Professional, Scientific, and Technical Services 33.3 Retail Trade 33.4 Real Estate and Rental and Leasing 38.9 Other Services 39.4 Accommodation and Food Services 49.4 Construction 50.1 Administrative and Support Services 56.2

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 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 Niles's finance and insurance sector, the industry concentration component (75.5) 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.