NAICS 52

Finance and Insurance in Salem, OR

Metro Market Score 64.0 (Difficult), ranked #266 of 331 metros. 562 establishments, 4,219 jobs.

Metro Market Score 64.0

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

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

Finance and Insurance employment in Salem contracted year-over-year, placing the growth trend in the bottom quartile at 14.8. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration

40.2

LQ: 0.54

Rank #133 of 331 metros

Wage Competitiveness

68.3

$96,846 avg wage

Growth Trend

↓ 14.8

Employment growth index

Rank #283 of 331 metros

Wage Pressure

56.6

YoY wage change index

562 Finance and Insurance Firms in Salem

562

Establishments

-0.7% YoY

4,219

Total Employment

-5.3% YoY

$96,846

Average Annual Wage

+10.3% YoY

0.54

Location Quotient

Below national avg

Within Oregon

#7 of 8

finance and insurance metros in state

Oregon state rank

#41 of 51

for finance and insurance entry risk

vs State Median

+19.6

worse than median (44.4)

Salem vs Oregon Statewide

How this metro's finance and insurance market compares to Oregon overall. The state ranks #41/51 for entry risk.

Measure	Salem	OR Statewide
Overall Score	64.0 Difficult	56.7 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#266 of 331 metros	#41 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 Salem

Administrative and Support Services 33.2 Professional, Scientific, and Technical Services 35.1 Healthcare and Social Assistance 41.9 Information 42.6 Accommodation and Food Services 43.9 Real Estate and Rental and Leasing 46.5 Retail Trade 56.8 Other Services 57.4 Construction 63.0

Finance and Insurance in Other Oregon Metros

Albany 37.1 #84/331 Corvallis 39.1 #98/331 Grants Pass 42.0 #119/331 Eugene-Springfield 44.1 #139/331 Bend 44.4 #144/331 Medford 50.1 #174/331 Portland-Vancouver-Hillsboro 69.7 #292/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Salem's 64.0 score. Useful when comparing markets with comparable entry profiles.

Cleveland, OH 63.5 #265/331 Charlotte-Concord-Gastonia, NC 63.5 #264/331 Burlington-South Burlington, VT 64.5 #267/331 Lakeland-Winter Haven, FL 64.6 #268/331 Dallas-Fort Worth-Arlington, TX 64.7 #269/331 Grand Island, NE 62.9 #263/331 Appleton, WI 65.1 #270/331 Little Rock-North Little Rock-Conway, AR 62.8 #262/331 Lewiston-Auburn, ME 62.8 #261/331 Boise City, ID 65.4 #271/331

Finance and Insurance in States Bordering Oregon

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

California 46.9 #12/51 Washington 55.5 #37/51 Nevada 55.6 #38/51 Idaho 56.2 #39/51

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 Salem's finance and insurance sector, the employment growth component (85.2) 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 Salem, OR MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment