NAICS 52

Finance and Insurance in Bismarck, ND

Metro Market Score 57.3 (Challenging), ranked #232 of 331 metros. 362 establishments, 2,506 jobs.

Metro Market Score 57.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

Bismarck scores 57.3 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

78.0

LQ: 0.87

Rank #258 of 331 metros

Wage Competitiveness

48.0

$87,984 avg wage

Growth Trend

↓ 40.8

Employment growth index

Rank #197 of 331 metros

Wage Pressure

40.1

YoY wage change index

362 Finance and Insurance Firms in Bismarck

362

Establishments

-1.4% YoY

2,506

Total Employment

-1.6% YoY

$87,984

Average Annual Wage

+3.9% YoY

0.87

Location Quotient

Below national avg

Within North Dakota

#2 of 3

finance and insurance metros in state

North Dakota state rank

#28 of 51

for finance and insurance entry risk

vs State Median

0.0

matches median (57.3)

Bismarck vs North Dakota Statewide

How this metro's finance and insurance market compares to North Dakota overall. The state ranks #28/51 for entry risk.

Measure	Bismarck	ND Statewide
Overall Score	57.3 Challenging	52.1 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#232 of 331 metros	#28 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 Bismarck

Real Estate and Rental and Leasing 30.1 Information 38.4

Finance and Insurance in Other North Dakota Metros

Grand Forks 38.1 #90/331 Fargo 72.7 #307/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Bismarck's 57.3 score. Useful when comparing markets with comparable entry profiles.

Traverse City, MI 57.3 #233/331 Charlottesville, VA 57.0 #231/331 Gainesville, GA 56.9 #230/331 Springfield, OH 56.8 #229/331 Myrtle Beach-Conway-North Myrtle Beach, SC 57.8 #234/331 Sheboygan, WI 56.7 #228/331 Utica-Rome, NY 57.9 #235/331 Pensacola-Ferry Pass-Brent, FL 57.9 #236/331 Austin-Round Rock-San Marcos, TX 58.0 #237/331 Santa Fe, NM 56.3 #227/331

Finance and Insurance in States Bordering North Dakota

State-level entry risk for finance and insurance in adjacent states. Use this to weigh cross-border options.

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

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 Bismarck's finance and insurance sector, the industry concentration component (78.0) 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 Bismarck, ND MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment