NAICS 52

Finance and Insurance in North Dakota: 2026 Market Risk Report

Entry risk 52.1 (Elevated), ranked #28 of 51 states. 2,164 establishments, 16,798 jobs.

Entry Risk Assessment

Entry Risk Score 52.1
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

🛡️Stable Market

North Dakota exhibits structural stability in finance and insurance, with volatility at 5.3 and firm retention ranking in the top 5. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
92.2%
Percentile within industry
Rank #5 of 51 states
Growth Momentum
2.2
Scale of 0-100
Rank #50 of 51 states
Establishment Density
85.7
vs. national average
Rank #47 of 51 states
Market Volatility
5.3
Lower is more stable
Wage Pressure Index
67.3
Labor cost pressure

2,164 Establishments in North Dakota

2,164
Establishments
+0.0% YoY
16,798
Total Employment
-2.0% YoY
$88,205
Average Annual Wage
+5.7% YoY

North Dakota vs National Finance and Insurance Average

How North Dakota's finance and insurance market compares to the national average across all 51 states.

Metric ND National Difference
Entry Risk Score 52.1 51.9 +0.2
5-Year Retention 92.2% 51.0% +41.2
Growth Momentum 2.2 34.4 -32.2
Market Volatility 5.3 9.6 -4.3
Establishment Density 85.7 42.5 +43.2
Wage Pressure 67.3 66.8 +0.5

Green = favorable vs national average. Red = less favorable. Metrics are relative within finance and insurance only.

North Dakota Ranks #28 of 51 for Finance and Insurance

North Dakota ranks #28 out of 51 states for finance and insurance market entry conditions.

Finance and Insurance Entry Risk by State

Rank State Risk Score Classification
#1 Hawaii 37.0 moderate
#2 West Virginia 39.8 moderate
#3 Kentucky 40.0 moderate
#4 Rhode Island 41.9 moderate
#5 Maine 42.0 elevated
#28 North Dakota You 52.1 elevated
Entry Risk by State Alaska — 49.7 · #21 Alabama — 48.4 · #18 Arkansas — 44.7 · #7 Arizona — 52.6 · #29 California — 46.9 · #12 Colorado — 67.3 · #50 Connecticut — 73.7 · #51 District of Columbia — 47.9 · #13 Delaware — 57.7 · #44 Florida — 61.9 · #46 Georgia — 56.4 · #40 Hawaii — 37.0 · #1 Iowa — 54.3 · #35 Idaho — 56.2 · #39 Illinois — 46.2 · #10 Indiana — 45.4 · #9 Kansas — 57.0 · #42 Kentucky — 40.0 · #3 Louisiana — 42.0 · #6 Massachusetts — 48.2 · #15 Maryland — 52.6 · #30 Maine — 42.0 · #5 Michigan — 49.8 · #23 Minnesota — 46.6 · #11 Missouri — 57.7 · #43 Mississippi — 54.5 · #36 Montana — 59.0 · #45 North Carolina — 48.4 · #17 North Dakota — 52.1 · #28 Nebraska — 49.4 · #20 New Hampshire — 49.8 · #22 New Jersey — 53.2 · #32 New Mexico — 53.1 · #31 Nevada — 55.6 · #38 New York — 65.4 · #49 Ohio — 48.2 · #14 Oklahoma — 64.9 · #48 Oregon — 56.7 · #41 Pennsylvania — 48.8 · #19 Rhode Island — 41.9 · #4 South Carolina — 48.4 · #16 South Dakota — 50.1 · #24 Tennessee — 53.4 · #33 Texas — 50.4 · #25 Utah — 51.9 · #27 Virginia — 50.8 · #26 Vermont — 53.6 · #34 Washington — 55.5 · #37 Wisconsin — 45.3 · #8 West Virginia — 39.8 · #2 Wyoming — 62.0 · #47
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does North Dakota stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

How North Dakota's finance and insurance market compares to bordering states.

Minnesota 46.6 #11/51 South Dakota 50.1 #24/51 Montana 59.0 #45/51

Other Industries in North Dakota

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →