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 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

Within Michigan

#11 of 15

finance and insurance metros in state

Michigan state rank

#23 of 51

for finance and insurance entry risk

vs State Median

+5.5

worse than median (47.8)

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 →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Saginaw's 53.3 score. Useful when comparing markets with comparable entry profiles.

Panama City-Panama City Beach, FL 53.2 #199/331 Chattanooga, TN 53.3 #201/331 Slidell-Mandeville-Covington, LA 53.3 #202/331 Scranton--Wilkes-Barre, PA 53.3 #203/331 Hilton Head Island-Bluffton-Port Royal, SC 53.4 #204/331 Rockford, IL 53.0 #198/331 Hot Springs, AR 53.0 #197/331 Oshkosh-Neenah, WI 53.0 #196/331 Grand Junction, CO 53.6 #205/331 Shreveport-Bossier City, LA 53.7 #206/331

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 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

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

Data period: 2024. Last updated: April 2026.

Metro Market Assessment