NAICS 52

Finance and Insurance in Minnesota: 2026 Market Risk Report

Entry risk 46.6 (Elevated), ranked #11 of 51 states. 11,260 establishments, 137,026 jobs.

Entry Risk Assessment

Entry Risk Score 46.6
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

🛡️Stable Market

Minnesota exhibits structural stability in finance and insurance, with volatility at 3.5 and firm retention ranking in the top half. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
70.6%
Percentile within industry
Rank #16 of 51 states
Growth Momentum
27.2
Scale of 0-100
Rank #28 of 51 states
Establishment Density
41.7
vs. national average
Rank #29 of 51 states
Market Volatility
3.5
Lower is more stable
Wage Pressure Index
66.3
Labor cost pressure

11,260 Establishments in Minnesota

11,260
Establishments
+3.1% YoY
137,026
Total Employment
-1.9% YoY
$136,572
Average Annual Wage
+5.6% YoY

Minnesota vs National Finance and Insurance Average

How Minnesota's finance and insurance market compares to the national average across all 51 states.

Metric MN National Difference
Entry Risk Score 46.6 51.9 -5.3
5-Year Retention 70.6% 51.0% +19.6
Growth Momentum 27.2 34.4 -7.2
Market Volatility 3.5 9.6 -6.1
Establishment Density 41.7 42.5 -0.8
Wage Pressure 66.3 66.8 -0.5

Green = favorable vs national average. Red = less favorable. Metrics are relative within finance and insurance only.

Minnesota Ranks #11 of 51 for Finance and Insurance

Minnesota ranks #11 out of 51 states for finance and insurance market entry conditions.

Finance and Insurance Entry Risk by State

Rank State Risk Score Classification
#1 Hawaii 37.0 moderate
#2 West Virginia 39.8 moderate
#3 Kentucky 40.0 moderate
#4 Rhode Island 41.9 moderate
#5 Maine 42.0 elevated
#11 Minnesota You 46.6 elevated
Entry Risk by State Alaska — 49.7 · #21 Alabama — 48.4 · #18 Arkansas — 44.7 · #7 Arizona — 52.6 · #29 California — 46.9 · #12 Colorado — 67.3 · #50 Connecticut — 73.7 · #51 District of Columbia — 47.9 · #13 Delaware — 57.7 · #44 Florida — 61.9 · #46 Georgia — 56.4 · #40 Hawaii — 37.0 · #1 Iowa — 54.3 · #35 Idaho — 56.2 · #39 Illinois — 46.2 · #10 Indiana — 45.4 · #9 Kansas — 57.0 · #42 Kentucky — 40.0 · #3 Louisiana — 42.0 · #6 Massachusetts — 48.2 · #15 Maryland — 52.6 · #30 Maine — 42.0 · #5 Michigan — 49.8 · #23 Minnesota — 46.6 · #11 Missouri — 57.7 · #43 Mississippi — 54.5 · #36 Montana — 59.0 · #45 North Carolina — 48.4 · #17 North Dakota — 52.1 · #28 Nebraska — 49.4 · #20 New Hampshire — 49.8 · #22 New Jersey — 53.2 · #32 New Mexico — 53.1 · #31 Nevada — 55.6 · #38 New York — 65.4 · #49 Ohio — 48.2 · #14 Oklahoma — 64.9 · #48 Oregon — 56.7 · #41 Pennsylvania — 48.8 · #19 Rhode Island — 41.9 · #4 South Carolina — 48.4 · #16 South Dakota — 50.1 · #24 Tennessee — 53.4 · #33 Texas — 50.4 · #25 Utah — 51.9 · #27 Virginia — 50.8 · #26 Vermont — 53.6 · #34 Washington — 55.5 · #37 Wisconsin — 45.3 · #8 West Virginia — 39.8 · #2 Wyoming — 62.0 · #47
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Minnesota stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

How Minnesota's finance and insurance market compares to bordering states.

Wisconsin 45.3 #8/51 South Dakota 50.1 #24/51 North Dakota 52.1 #28/51 Iowa 54.3 #35/51

Other Industries in Minnesota

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →