NAICS 52

Finance and Insurance in Minneapolis-St. Paul-Bloomington, MN

Metro Market Score 80.5 (Difficult), ranked #329 of 331 metros. 5,679 establishments, 102,176 jobs.

Metro Market Score 80.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

💰High-Cost Market

Minneapolis-St. Paul-Bloomington scores 80.5 on the Metro Market Score for finance and insurance, placing it in the bottom 10%. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration

94.0

LQ: 1.30

Rank #311 of 331 metros

Wage Competitiveness

95.2

$148,461 avg wage

Growth Trend

↓ 20.5

Employment growth index

Rank #264 of 331 metros

Wage Pressure

46.8

YoY wage change index

5,679 Finance and Insurance Firms in Minneapolis-St. Paul-Bloomington

5,679

Establishments

+0.5% YoY

102,176

Total Employment

-4.0% YoY

$148,461

Average Annual Wage

+6.5% YoY

1.30

Location Quotient

Above national avg

Within Minnesota

#4 of 4

finance and insurance metros in state

Minnesota state rank

#11 of 51

for finance and insurance entry risk

vs State Median

+21.6

worse than median (58.9)

Minneapolis-St. Paul-Bloomington vs Minnesota Statewide

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

Measure	Minneapolis-St. Paul-Bloomington	MN Statewide
Overall Score	80.5 Difficult	46.6 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#329 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 Minneapolis-St. Paul-Bloomington

Accommodation and Food Services 45.5 Retail Trade 46.1 Construction 59.5 Other Services 61.3 Real Estate and Rental and Leasing 62.4 Information 64.3

Finance and Insurance in Other Minnesota Metros

Mankato 41.0 #110/331 Duluth 50.5 #178/331 St. Cloud 58.9 #239/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Minneapolis-St. Paul-Bloomington's 80.5 score. Useful when comparing markets with comparable entry profiles.

Boston-Cambridge-Newton, MA 79.1 #328/331 Springfield, MA 82.0 #330/331 Columbus, OH 78.4 #327/331 Hartford-West Hartford-East Hartford, CT 78.3 #326/331 Albany-Schenectady-Troy, NY 77.9 #325/331 Winston-Salem, NC 77.7 #324/331 Worcester, MA 77.7 #323/331 Bridgeport-Stamford-Danbury, CT 84.0 #331/331 Omaha, NE 76.6 #322/331 New Orleans-Metairie, LA 76.3 #321/331

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 Minneapolis-St. Paul-Bloomington's finance and insurance sector, the employment growth 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 Minneapolis-St. Paul-Bloomington, MN-WI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment