NAICS 52

Finance and Insurance in Utica-Rome, NY

Metro Market Score 57.9 (Challenging), ranked #235 of 331 metros. 294 establishments, 5,525 jobs.

Metro Market Score 57.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

Utica-Rome scores 57.9 on the Metro Market Score for finance and insurance, placing it in the lower half. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration

91.8

LQ: 1.15

Rank #304 of 331 metros

Wage Competitiveness

38.4

$83,713 avg wage

Growth Trend

49.2

Employment growth index

Rank #169 of 331 metros

Wage Pressure

50.6

YoY wage change index

294 Finance and Insurance Firms in Utica-Rome

294

Establishments

+0.3% YoY

5,525

Total Employment

-0.8% YoY

$83,713

Average Annual Wage

+8.0% YoY

1.15

Location Quotient

Above national avg

Within New York

#7 of 12

finance and insurance metros in state

New York state rank

#49 of 51

for finance and insurance entry risk

vs State Median

0.0

matches median (57.9)

Utica-Rome 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	Utica-Rome	NY Statewide
Overall Score	57.9 Challenging	65.4 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#235 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 Utica-Rome

Real Estate and Rental and Leasing 14.1 Administrative and Support Services 38.7 Other Services 42.7 Information 43.3 Construction 43.9 Healthcare and Social Assistance 51.2 Accommodation and Food Services 51.3 Professional, Scientific, and Technical Services 51.4 Retail Trade 66.3

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 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 Utica-Rome's 57.9 score. Useful when comparing markets with comparable entry profiles.

Pensacola-Ferry Pass-Brent, FL 57.9 #236/331 Austin-Round Rock-San Marcos, TX 58.0 #237/331 Myrtle Beach-Conway-North Myrtle Beach, SC 57.8 #234/331 Traverse City, MI 57.3 #233/331 Bismarck, ND 57.3 #232/331 Charlottesville, VA 57.0 #231/331 Springfield, MO 58.8 #238/331 Gainesville, GA 56.9 #230/331 St. Cloud, MN 58.9 #239/331 Springfield, OH 56.8 #229/331

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 Utica-Rome's finance and insurance sector, the industry concentration component (91.8) 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 Utica-Rome, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment