NAICS 52

Finance and Insurance in Saginaw, MI

Metro Market Score 53.3 (Challenging), ranked #200 of 331 metros. 207 establishments, 2,868 jobs.

Metro Market Assessment

Metro Market Score 53.3
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

Saginaw's finance and insurance market sits near the national metro median, ranking #200 of 331 with a market score of 53.3. No single metric stands out as an outlier, which means entry conditions depend more on your specific business model than on broad market forces.

Industry Concentration
79.5
LQ: 0.89
Rank #263 of 331 metros
Wage Competitiveness
29.6
$79,886 avg wage
Growth Trend
↓ 39.3
Employment growth index
Rank #202 of 331 metros
Wage Pressure
38.8
YoY wage change index

207 Finance and Insurance Firms in Saginaw

207
Establishments
-11.2% YoY
2,868
Total Employment
-1.8% YoY
$79,886
Average Annual Wage
+3.4% YoY
0.89
Location Quotient
Below national avg

Saginaw vs Michigan Statewide

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

Measure Saginaw MI Statewide
Overall Score 53.3 Challenging 49.8 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #200 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 Saginaw

Real Estate and Rental and Leasing 8.4 Professional, Scientific, and Technical Services 32.7 Accommodation and Food Services 37.4 Information 53.9 Construction 55.1 Other Services 59.2 Retail Trade 60.8 Healthcare and Social Assistance 61.0 Administrative and Support Services 61.5

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 Saginaw's finance and insurance sector, the industry concentration component (79.5) 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.