NAICS 52

Finance and Insurance in Mankato, MN

Metro Market Score 41.0 (Moderate), ranked #110 of 331 metros. 163 establishments, 1,484 jobs.

Metro Market Score 41.0

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 Mankato's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 85.2. Combined with a 41.0 market score, this metro sits in the upper half for overall conditions.

Industry Concentration

58.0

LQ: 0.65

Rank #192 of 331 metros

Wage Competitiveness

54.1

$90,300 avg wage

Growth Trend

↑ 85.2

Employment growth index

Rank #50 of 331 metros

Wage Pressure

42.4

YoY wage change index

163 Finance and Insurance Firms in Mankato

163

Establishments

+2.5% YoY

1,484

Total Employment

+2.8% YoY

$90,300

Average Annual Wage

+4.8% YoY

0.65

Location Quotient

Below national avg

Within Minnesota

#1 of 4

finance and insurance metros in state

Minnesota state rank

#11 of 51

for finance and insurance entry risk

vs State Median

-18.0

better than median (58.9)

Mankato vs Minnesota Statewide

How this metro's finance and insurance market compares to Minnesota overall. The state ranks #11/51 for entry risk.

Measure	Mankato	MN Statewide
Overall Score	41.0 Moderate	46.6 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#110 of 331 metros	#11 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 Mankato

Accommodation and Food Services 32.8 Real Estate and Rental and Leasing 33.8 Other Services 46.9 Construction 51.1 Information 54.3 Retail Trade 57.4

Finance and Insurance in Other Minnesota Metros

Duluth 50.5 #178/331 St. Cloud 58.9 #239/331 Minneapolis-St. Paul-Bloomington 80.5 #329/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Mankato's 41.0 score. Useful when comparing markets with comparable entry profiles.

Weirton-Steubenville, WV 40.8 #109/331 Harrisonburg, VA 41.1 #111/331 Williamsport, PA 40.7 #108/331 Rome, GA 40.7 #107/331 Palm Bay-Melbourne-Titusville, FL 41.4 #112/331 Wichita Falls, TX 40.5 #106/331 Midland, MI 41.6 #113/331 Killeen-Temple, TX 41.7 #114/331 Savannah, GA 41.8 #115/331 Pinehurst-Southern Pines, NC 41.8 #116/331

Finance and Insurance in States Bordering Minnesota

State-level entry risk for finance and insurance in adjacent states. Use this to weigh cross-border options.

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

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 Mankato's finance and insurance sector, the industry concentration component (58.0) 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 Mankato, MN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment