NAICS 52

Finance and Insurance in Ohio: 2026 Market Risk Report

Entry risk 48.2 (Elevated), ranked #14 of 51 states. 18,724 establishments, 233,644 jobs.

Entry Risk Assessment

Entry Risk Score 48.2
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

⛔High Barrier to Entry

The finance and insurance sector in Ohio is tracking close to the U.S. baseline, with no extreme signals in volatility, saturation, or wage pressure. Entry conditions are within the national median range.

5-Year Firm Retention
62.8%
Percentile within industry
Rank #20 of 51 states
Growth Momentum
15.2
Scale of 0-100
Rank #38 of 51 states
Establishment Density
20.6
vs. national average
Rank #11 of 51 states
Market Volatility
3.7
Lower is more stable
Wage Pressure Index
66.3
Labor cost pressure

18,724 Establishments in Ohio

18,724
Establishments
+1.1% YoY
233,644
Total Employment
-2.3% YoY
$105,441
Average Annual Wage
+5.6% YoY

Ohio vs National Finance and Insurance Average

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

Metric OH National Difference
Entry Risk Score 48.2 51.9 -3.7
5-Year Retention 62.8% 51.0% +11.8
Growth Momentum 15.2 34.4 -19.2
Market Volatility 3.7 9.6 -5.9
Establishment Density 20.6 42.5 -21.9
Wage Pressure 66.3 66.8 -0.5

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

Ohio Ranks #14 of 51 for Finance and Insurance

Ohio ranks #14 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
#14 Ohio You 48.2 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 Ohio stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

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

West Virginia 39.8 #2/51 Kentucky 40.0 #3/51 Indiana 45.4 #9/51 Pennsylvania 48.8 #19/51 Michigan 49.8 #23/51

Other Industries in Ohio

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 →