NAICS 52

Finance and Insurance in Grand Forks, ND

Metro Market Score 38.1 (Moderate), ranked #90 of 331 metros. 206 establishments, 1,021 jobs.

Metro Market Score 38.1

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

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

🌱Emerging Market

Employment in Grand Forks's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 72.2. Combined with a 38.1 market score, this metro sits in the upper half for overall conditions.

Industry Concentration

25.4

LQ: 0.48

Rank #84 of 331 metros

Wage Competitiveness

64.7

$95,293 avg wage

Growth Trend

↑ 72.2

Employment growth index

Rank #93 of 331 metros

Wage Pressure

36.3

YoY wage change index

206 Finance and Insurance Firms in Grand Forks

206

Establishments

+1.5% YoY

1,021

Total Employment

+1.1% YoY

$95,293

Average Annual Wage

+2.4% YoY

0.48

Location Quotient

Below national avg

Within North Dakota

#1 of 3

finance and insurance metros in state

North Dakota state rank

#28 of 51

for finance and insurance entry risk

vs State Median

-19.2

better than median (57.3)

Grand Forks 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	Grand Forks	ND Statewide
Overall Score	38.1 Moderate	52.1 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#90 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 Grand Forks

Real Estate and Rental and Leasing 23.1 Professional, Scientific, and Technical Services 42.0 Accommodation and Food Services 43.1 Construction 45.5 Retail Trade 47.2 Other Services 47.6 Information 62.6 Healthcare and Social Assistance 68.2

Finance and Insurance in Other North Dakota Metros

Bismarck 57.3 #232/331 Fargo 72.7 #307/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Grand Forks's 38.1 score. Useful when comparing markets with comparable entry profiles.

Wichita, KS 38.1 #91/331 Hattiesburg, MS 37.8 #89/331 Amherst Town-Northampton, MA 37.8 #88/331 Kahului-Wailuku, HI 37.8 #87/331 College Station-Bryan, TX 37.7 #86/331 Racine-Mount Pleasant, WI 38.5 #92/331 Corpus Christi, TX 38.5 #93/331 Houma-Bayou Cane-Thibodaux, LA 37.5 #85/331 Gainesville, FL 38.7 #94/331 Yakima, WA 38.7 #95/331

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 Grand Forks's finance and insurance sector, the wage competitiveness component (64.7) 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 Grand Forks, ND-MN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment