NAICS 52

Finance and Insurance in Youngstown-Warren, OH

Metro Market Score 48.9 (Challenging), ranked #163 of 331 metros. 520 establishments, 2,941 jobs.

Metro Market Score 48.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

Youngstown-Warren's finance and insurance sector saw employment decline over the past year (growth trend: 0.9). That contraction, combined with a 48.9 market score, puts this metro in the upper half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

21.8

LQ: 0.45

Rank #72 of 331 metros

Wage Competitiveness

33.2

$80,961 avg wage

Growth Trend

↓ 0.9

Employment growth index

Rank #329 of 331 metros

Wage Pressure

27.3

YoY wage change index

520 Finance and Insurance Firms in Youngstown-Warren

520

Establishments

-20.9% YoY

2,941

Total Employment

-32.8% YoY

$80,961

Average Annual Wage

-1.1% YoY

0.45

Location Quotient

Below national avg

Within Ohio

#6 of 11

finance and insurance metros in state

Ohio state rank

#14 of 51

for finance and insurance entry risk

vs State Median

0.0

matches median (48.9)

Youngstown-Warren vs Ohio Statewide

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

Measure	Youngstown-Warren	OH Statewide
Overall Score	48.9 Challenging	48.2 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#163 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 Youngstown-Warren

Professional, Scientific, and Technical Services 43.3 Real Estate and Rental and Leasing 50.9 Information 57.3 Administrative and Support Services 60.9 Construction 61.3 Healthcare and Social Assistance 62.0 Other Services 63.7 Accommodation and Food Services 65.7 Retail Trade 75.8

Finance and Insurance in Other Ohio Metros

Mansfield 29.5 #45/331 Lima 31.2 #56/331 Sandusky 39.8 #104/331 Toledo 44.1 #137/331 Dayton-Kettering-Beavercreek 48.7 #161/331 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 Youngstown-Warren's 48.9 score. Useful when comparing markets with comparable entry profiles.

Sioux City, IA 49.1 #164/331 Winchester, VA 48.8 #162/331 Dayton-Kettering-Beavercreek, OH 48.7 #161/331 Chambersburg, PA 49.2 #165/331 Elizabethtown, KY 48.6 #160/331 Tallahassee, FL 49.3 #166/331 Bremerton-Silverdale-Port Orchard, WA 49.4 #167/331 Dothan, AL 48.5 #159/331 Stockton-Lodi, CA 49.4 #168/331 Eau Claire, WI 49.5 #169/331

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 Youngstown-Warren's finance and insurance sector, the employment growth component (99.1) 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 Youngstown-Warren, OH MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment