NAICS 52

Finance and Insurance in Grand Island, NE

Metro Market Score 62.9 (Difficult), ranked #263 of 331 metros. 153 establishments, 1,494 jobs.

Metro Market Score 62.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

Grand Island's finance and insurance sector saw employment decline over the past year (growth trend: 9.7). That contraction, combined with a 62.9 market score, puts this metro in the bottom quartile for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

81.9

LQ: 0.92

Rank #271 of 331 metros

Wage Competitiveness

23.6

$77,333 avg wage

Growth Trend

↓ 9.7

Employment growth index

Rank #300 of 331 metros

Wage Pressure

47.3

YoY wage change index

153 Finance and Insurance Firms in Grand Island

153

Establishments

-11.6% YoY

1,494

Total Employment

-6.7% YoY

$77,333

Average Annual Wage

+6.7% YoY

0.92

Location Quotient

Below national avg

Within Nebraska

#2 of 3

finance and insurance metros in state

Nebraska state rank

#20 of 51

for finance and insurance entry risk

vs State Median

0.0

matches median (62.9)

Grand Island vs Nebraska Statewide

How this metro's finance and insurance market compares to Nebraska overall. The state ranks #20/51 for entry risk.

Measure	Grand Island	NE Statewide
Overall Score	62.9 Difficult	49.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#263 of 331 metros	#20 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 Grand Island

Information 36.8 Real Estate and Rental and Leasing 42.3 Other Services 49.6 Retail Trade 65.5

Finance and Insurance in Other Nebraska Metros

Lincoln 62.0 #258/331 Omaha 76.6 #322/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Grand Island's 62.9 score. Useful when comparing markets with comparable entry profiles.

Little Rock-North Little Rock-Conway, AR 62.8 #262/331 Lewiston-Auburn, ME 62.8 #261/331 Ithaca, NY 62.4 #260/331 Charlotte-Concord-Gastonia, NC 63.5 #264/331 Cleveland, OH 63.5 #265/331 Durham-Chapel Hill, NC 62.0 #259/331 Lincoln, NE 62.0 #258/331 Anchorage, AK 61.9 #257/331 Salem, OR 64.0 #266/331 Salt Lake City-Murray, UT 61.8 #256/331

Finance and Insurance in States Bordering Nebraska

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

South Dakota 50.1 #24/51 Iowa 54.3 #35/51 Kansas 57.0 #42/51 Missouri 57.7 #43/51 Wyoming 62.0 #47/51 Colorado 67.3 #50/51

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 Grand Island's finance and insurance sector, the employment growth component (90.3) 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 Grand Island, NE MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment