NAICS 52
Finance and Insurance in Springfield, MO
Metro Market Score 58.8 (Challenging), ranked #238 of 331 metros. 870 establishments, 7,321 jobs.
Metro Market Assessment
Metro Market Score 58.8
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging
Lower is better. Relative to national finance and insurance average.
Market conditions for finance and insurance in Springfield are tougher than average. The 58.8 market score reflects a combination of moderate wages, slowing employment, and an already crowded field. Rank: #238 of 331 metros.
Industry Concentration
76.1
LQ: 0.82
Rank #252 of 331 metros
Wage Competitiveness
23.0
$76,933 avg wage
Growth Trend
↓ 21.1
Employment growth index
Rank #262 of 331 metros
Wage Pressure
51.9
YoY wage change index
870 Finance and Insurance Firms in Springfield
870
Establishments
+3.2% YoY
7,321
Total Employment
-3.9% YoY
$76,933
Average Annual Wage
+8.5% YoY
0.82
Location Quotient
Below national avg
Springfield vs Missouri Statewide
How this metro's finance and insurance market compares to Missouri overall. The state ranks #43/51 for entry risk.
| Measure | Springfield | MO Statewide |
|---|---|---|
| Overall Score | 58.8 Challenging | 57.7 High |
| Score Type | Metro Market Score | Entry Risk Score |
| Rank | #238 of 331 metros | #43 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 Springfield
Finance and Insurance in Other Missouri Metros
Data Sources
- Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Springfield, MO MSA area.
Data period: 2024. Last updated: April 2026.