NAICS 52

Finance and Insurance in New Jersey: 2026 Market Risk Report

Entry risk 53.2 (Elevated), ranked #32 of 51 states. 13,179 establishments, 189,914 jobs.

Entry Risk Assessment

Entry Risk Score 53.2
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

⛔High Barrier to Entry

New Jersey's finance and insurance sector shows high establishment density (top 5 nationally) paired with firm retention in the bottom 10. This combination indicates elevated competitive pressure on new market entrants.

5-Year Firm Retention
19.6%
Percentile within industry
Rank #42 of 51 states
Growth Momentum
44.5
Scale of 0-100
Rank #15 of 51 states
Establishment Density
11.4
vs. national average
Rank #5 of 51 states
Market Volatility
4.0
Lower is more stable
Wage Pressure Index
63.4
Labor cost pressure

13,179 Establishments in New Jersey

13,179
Establishments
-1.8% YoY
189,914
Total Employment
-0.4% YoY
$171,166
Average Annual Wage
+5.3% YoY

New Jersey vs National Finance and Insurance Average

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

Metric NJ National Difference
Entry Risk Score 53.2 51.9 +1.3
5-Year Retention 19.6% 51.0% -31.4
Growth Momentum 44.5 34.4 +10.1
Market Volatility 4.0 9.6 -5.5
Establishment Density 11.4 42.5 -31.1
Wage Pressure 63.4 66.8 -3.4

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

New Jersey Ranks #32 of 51 for Finance and Insurance

New Jersey ranks #32 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
#32 New Jersey You 53.2 elevated
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

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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 New Jersey stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

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

Pennsylvania 48.8 #19/51 Delaware 57.7 #44/51 New York 65.4 #49/51

Other Industries in New Jersey

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 →