NAICS 52

Finance and Insurance in Glens Falls, NY

Metro Market Score 55.4 (Challenging), ranked #223 of 331 metros. 146 establishments, 1,351 jobs.

Metro Market Score 55.4

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 Glens Falls are tougher than average. The 55.4 market score reflects a combination of high labor costs, mixed growth signals, and moderate competition. Rank: #223 of 331 metros.

Industry Concentration

55.3

LQ: 0.64

Rank #183 of 331 metros

Wage Competitiveness

65.3

$95,387 avg wage

Growth Trend

52.9

Employment growth index

Rank #157 of 331 metros

Wage Pressure

55.8

YoY wage change index

146 Finance and Insurance Firms in Glens Falls

146

Establishments

-0.7% YoY

1,351

Total Employment

-0.1% YoY

$95,387

Average Annual Wage

+10.0% YoY

0.64

Location Quotient

Below national avg

Within New York

#6 of 12

finance and insurance metros in state

New York state rank

#49 of 51

for finance and insurance entry risk

vs State Median

-2.5

better than median (57.9)

Glens Falls 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	Glens Falls	NY Statewide
Overall Score	55.4 Challenging	65.4 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#223 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 Glens Falls

Real Estate and Rental and Leasing 22.3 Other Services 34.5 Healthcare and Social Assistance 36.9 Professional, Scientific, and Technical Services 44.2 Information 47.9 Construction 54.5 Administrative and Support Services 59.7 Retail Trade 75.8 Accommodation and Food Services 80.0

Finance and Insurance in Other New York Metros

Elmira 25.2 #21/331 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 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 Glens Falls's 55.4 score. Useful when comparing markets with comparable entry profiles.

Wheeling, WV 55.5 #224/331 Johnstown, PA 55.3 #222/331 San Luis Obispo-Paso Robles, CA 55.3 #221/331 Flint, MI 55.1 #220/331 Billings, MT 55.0 #219/331 Las Vegas-Henderson-North Las Vegas, NV 55.8 #225/331 Wildwood-The Villages, FL 55.0 #218/331 Pittsburgh, PA 54.9 #217/331 Decatur, IL 56.0 #226/331 Santa Fe, NM 56.3 #227/331

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 Glens Falls's finance and insurance sector, the wage competitiveness component (65.3) 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 Glens Falls, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment