NAICS 52

Finance and Insurance in Montana: 2026 Market Risk Report

Entry risk 59.0 (High), ranked #45 of 51 states. 2,999 establishments, 16,970 jobs.

Entry Risk Assessment

Entry Risk Score 59.0
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
High Risk

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

🛡️Stable Market

Montana exhibits structural stability in finance and insurance, with volatility at 8.9 and firm retention ranking in the top 15. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
74.5%
Percentile within industry
Rank #14 of 51 states
Growth Momentum
10.7
Scale of 0-100
Rank #44 of 51 states
Establishment Density
85.0
vs. national average
Rank #46 of 51 states
Market Volatility
8.9
Lower is more stable
Wage Pressure Index
79.2
Labor cost pressure

2,999 Establishments in Montana

2,999
Establishments
-1.5% YoY
16,970
Total Employment
-0.3% YoY
$94,736
Average Annual Wage
+6.9% YoY

Montana vs National Finance and Insurance Average

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

Metric MT National Difference
Entry Risk Score 59.0 51.9 +7.1
5-Year Retention 74.5% 51.0% +23.5
Growth Momentum 10.7 34.4 -23.7
Market Volatility 8.9 9.6 -0.7
Establishment Density 85.0 42.5 +42.5
Wage Pressure 79.2 66.8 +12.4

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

Montana Ranks #45 of 51 for Finance and Insurance

Montana ranks #45 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
#45 Montana You 59.0 high
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 Montana stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

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

South Dakota 50.1 #24/51 North Dakota 52.1 #28/51 Idaho 56.2 #39/51 Wyoming 62.0 #47/51

Other Industries in Montana

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 →