NAICS 52

Finance and Insurance in Elmira, NY

Metro Market Score 25.2 (Favorable), ranked #21 of 331 metros. 79 establishments, 714 jobs.

Metro Market Score 25.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

📈Rapid Growth✓Favorable Market

Elmira ranks in the top 10% for finance and insurance market conditions, driven by above-average employment growth. With a market score of 25.2, conditions are relatively favorable compared to most metros.

Industry Concentration

35.0

LQ: 0.52

Rank #116 of 331 metros

Wage Competitiveness

27.2

$78,900 avg wage

Growth Trend

↑ 97.6

Employment growth index

Rank #9 of 331 metros

Wage Pressure

44.5

YoY wage change index

79 Finance and Insurance Firms in Elmira

Establishments

+0.0% YoY

714

Total Employment

+11.9% YoY

$78,900

Average Annual Wage

+5.6% YoY

0.52

Location Quotient

Below national avg

Within New York

#1 of 12

finance and insurance metros in state

New York state rank

#49 of 51

for finance and insurance entry risk

vs State Median

-32.7

better than median (57.9)

Elmira vs New York Statewide

How this metro's finance and insurance market compares to New York overall. The state ranks #49/51 for entry risk.

Measure	Elmira	NY Statewide
Overall Score	25.2 Favorable	65.4 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#21 of 331 metros	#49 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 Elmira

Administrative and Support Services 22.4 Construction 31.2 Information 37.0 Other Services 39.5 Professional, Scientific, and Technical Services 40.0 Real Estate and Rental and Leasing 43.5 Healthcare and Social Assistance 45.6 Accommodation and Food Services 59.7 Retail Trade 63.9

Finance and Insurance in Other New York Metros

Watertown-Fort Drum 33.6 #67/331 Kingston 40.0 #105/331 Kiryas Joel-Poughkeepsie-Newburgh 43.7 #133/331 Binghamton 51.6 #186/331 Glens Falls 55.4 #223/331 Utica-Rome 57.9 #235/331 Ithaca 62.4 #260/331 Syracuse 68.7 #287/331 Rochester 69.3 #291/331 Buffalo-Cheektowaga 74.4 #313/331

+ 1 more metros. View all in New York →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Elmira's 25.2 score. Useful when comparing markets with comparable entry profiles.

Muncie, IN 25.1 #20/331 Rocky Mount, NC 25.5 #22/331 Kankakee, IL 25.8 #23/331 Atlantic City-Hammonton, NJ 26.0 #24/331 Beckley, WV 24.2 #19/331 Battle Creek, MI 24.2 #18/331 Ames, IA 24.0 #16/331 Jacksonville, NC 24.0 #17/331 Gulfport-Biloxi, MS 23.9 #15/331 Elkhart-Goshen, IN 26.5 #25/331

Finance and Insurance in States Bordering New York

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

Massachusetts 48.2 #15/51 Pennsylvania 48.8 #19/51 New Jersey 53.2 #32/51 Vermont 53.6 #34/51 Connecticut 73.7 #51/51

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 Elmira's finance and insurance sector, the wage pressure component (44.5) 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 Elmira, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment