NAICS 52

Finance and Insurance in Lima, OH

Metro Market Score 31.2 (Favorable), ranked #56 of 331 metros. 134 establishments, 887 jobs.

Metro Market Score 31.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

Labor costs are a clear advantage in Lima's finance and insurance sector. The wage competitiveness index of 12.4 puts it among the lowest-cost metros, and wage pressure at 35.0 suggests that gap is holding steady.

Industry Concentration

18.4

LQ: 0.44

Rank #61 of 331 metros

Wage Competitiveness

12.4

$70,088 avg wage

Growth Trend

45.0

Employment growth index

Rank #183 of 331 metros

Wage Pressure

35.0

YoY wage change index

134 Finance and Insurance Firms in Lima

134

Establishments

+0.0% YoY

887

Total Employment

-1.2% YoY

$70,088

Average Annual Wage

+1.9% YoY

0.44

Location Quotient

Below national avg

Within Ohio

#2 of 11

finance and insurance metros in state

Ohio state rank

#14 of 51

for finance and insurance entry risk

vs State Median

-17.7

better than median (48.9)

Lima vs Ohio Statewide

How this metro's finance and insurance market compares to Ohio overall. The state ranks #14/51 for entry risk.

Measure	Lima	OH Statewide
Overall Score	31.2 Favorable	48.2 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#56 of 331 metros	#14 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 Lima

Real Estate and Rental and Leasing 34.2 Accommodation and Food Services 35.3 Construction 35.9 Professional, Scientific, and Technical Services 47.7 Retail Trade 48.2 Administrative and Support Services 57.4 Other Services 58.1 Healthcare and Social Assistance 66.5

Finance and Insurance in Other Ohio Metros

Mansfield 29.5 #45/331 Sandusky 39.8 #104/331 Toledo 44.1 #137/331 Dayton-Kettering-Beavercreek 48.7 #161/331 Youngstown-Warren 48.9 #163/331 Canton-Massillon 51.2 #183/331 Springfield 56.8 #229/331 Cleveland 63.5 #265/331 Akron 67.2 #279/331 Columbus 78.4 #327/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Lima's 31.2 score. Useful when comparing markets with comparable entry profiles.

Albany, GA 31.0 #55/331 Victoria, TX 30.9 #54/331 Bay City, MI 31.5 #57/331 Bloomington, IN 30.9 #53/331 Columbus, IN 30.6 #52/331 Longview-Kelso, WA 31.9 #58/331 Janesville-Beloit, WI 32.0 #59/331 Monroe, LA 32.0 #60/331 Bangor, ME 30.3 #51/331 Cleveland, TN 32.1 #61/331

Finance and Insurance in States Bordering Ohio

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

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

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 Lima's finance and insurance sector, the employment growth component (55.0) 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 Lima, OH MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment