NAICS 52

Finance and Insurance in Ithaca, NY

Metro Market Score 62.4 (Difficult), ranked #260 of 331 metros. 96 establishments, 1,030 jobs.

Metro Market Score 62.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

💰High-Cost Market

Wage costs in Ithaca's finance and insurance sector are well above the metro average, with wage competitiveness at 76.1 and rising pressure at 58.1. New entrants should factor higher labor costs into their financial projections for this market.

Industry Concentration

37.5

LQ: 0.53

Rank #124 of 331 metros

Wage Competitiveness

76.1

$104,514 avg wage

Growth Trend

↓ 25.4

Employment growth index

Rank #248 of 331 metros

Wage Pressure

58.1

YoY wage change index

96 Finance and Insurance Firms in Ithaca

Establishments

-2.0% YoY

1,030

Total Employment

-3.4% YoY

$104,514

Average Annual Wage

+10.9% YoY

0.53

Location Quotient

Below national avg

Within New York

#8 of 12

finance and insurance metros in state

New York state rank

#49 of 51

for finance and insurance entry risk

vs State Median

+4.5

worse than median (57.9)

Ithaca 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	Ithaca	NY Statewide
Overall Score	62.4 Difficult	65.4 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#260 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 Ithaca

Construction 31.6 Retail Trade 34.3 Real Estate and Rental and Leasing 36.4 Administrative and Support Services 40.6 Information 54.0 Accommodation and Food Services 54.9 Other Services 60.1 Professional, Scientific, and Technical Services 65.4

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 Glens Falls 55.4 #223/331 Utica-Rome 57.9 #235/331 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 Ithaca's 62.4 score. Useful when comparing markets with comparable entry profiles.

Lewiston-Auburn, ME 62.8 #261/331 Little Rock-North Little Rock-Conway, AR 62.8 #262/331 Durham-Chapel Hill, NC 62.0 #259/331 Lincoln, NE 62.0 #258/331 Grand Island, NE 62.9 #263/331 Anchorage, AK 61.9 #257/331 Salt Lake City-Murray, UT 61.8 #256/331 Bellingham, WA 61.5 #255/331 Fort Wayne, IN 61.4 #254/331 Boulder, CO 61.4 #253/331

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 Ithaca's finance and insurance sector, the employment growth component (74.6) 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 Ithaca, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment