NAICS 52

Finance and Insurance in Watertown-Fort Drum, NY

Metro Market Score 33.6 (Favorable), ranked #67 of 331 metros. 100 establishments, 730 jobs.

Metro Market Score 33.6

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

📈Rapid Growth🌱Emerging Market

Employment in Watertown-Fort Drum's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 81.6. Combined with a 33.6 market score, this metro sits in the top quartile for overall conditions.

Industry Concentration

21.1

LQ: 0.45

Rank #70 of 331 metros

Wage Competitiveness

52.6

$89,645 avg wage

Growth Trend

↑ 81.6

Employment growth index

Rank #62 of 331 metros

Wage Pressure

48.1

YoY wage change index

100 Finance and Insurance Firms in Watertown-Fort Drum

100

Establishments

+6.4% YoY

730

Total Employment

+2.1% YoY

$89,645

Average Annual Wage

+7.0% YoY

0.45

Location Quotient

Below national avg

Within New York

#2 of 12

finance and insurance metros in state

New York state rank

#49 of 51

for finance and insurance entry risk

vs State Median

-24.3

better than median (57.9)

Watertown-Fort Drum 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	Watertown-Fort Drum	NY Statewide
Overall Score	33.6 Favorable	65.4 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#67 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 Watertown-Fort Drum

Professional, Scientific, and Technical Services 21.9 Information 38.7 Construction 42.6 Other Services 48.6 Healthcare and Social Assistance 50.3 Real Estate and Rental and Leasing 50.5 Administrative and Support Services 53.5 Accommodation and Food Services 67.0 Retail Trade 74.3

Finance and Insurance in Other New York Metros

Elmira 25.2 #21/331 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 Watertown-Fort Drum's 33.6 score. Useful when comparing markets with comparable entry profiles.

Wenatchee-East Wenatchee, WA 33.3 #66/331 Sumter, SC 33.3 #65/331 Manhattan, KS 33.9 #68/331 Fond du Lac, WI 34.0 #69/331 Huntsville, AL 34.0 #70/331 Hickory-Lenoir-Morganton, NC 33.1 #64/331 Lebanon, PA 34.2 #71/331 Punta Gorda, FL 34.3 #72/331 Redding, CA 32.8 #63/331 Merced, CA 34.4 #73/331

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 Watertown-Fort Drum's finance and insurance sector, the wage competitiveness component (52.6) 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 Watertown-Fort Drum, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment