NAICS 52

Finance and Insurance in Erie, PA

Metro Market Score 49.5 (Challenging), ranked #170 of 331 metros. 323 establishments, 5,353 jobs.

Metro Market Score 49.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

📈Rapid Growth

Employment in Erie's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 93.0. Combined with a 49.5 market score, this metro sits in the lower half for overall conditions.

Industry Concentration

89.1

LQ: 1.10

Rank #295 of 331 metros

Wage Competitiveness

63.4

$94,324 avg wage

Growth Trend

↑ 93.0

Employment growth index

Rank #24 of 331 metros

Wage Pressure

46.3

YoY wage change index

323 Finance and Insurance Firms in Erie

323

Establishments

+4.2% YoY

5,353

Total Employment

+7.3% YoY

$94,324

Average Annual Wage

+6.3% YoY

1.10

Location Quotient

Above national avg

Within Pennsylvania

#7 of 14

finance and insurance metros in state

Pennsylvania state rank

#19 of 51

for finance and insurance entry risk

vs State Median

-0.1

better than median (49.5)

Erie vs Pennsylvania Statewide

How this metro's finance and insurance market compares to Pennsylvania overall. The state ranks #19/51 for entry risk.

Measure	Erie	PA Statewide
Overall Score	49.5 Challenging	48.8 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#170 of 331 metros	#19 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 Erie

Real Estate and Rental and Leasing 17.6 Professional, Scientific, and Technical Services 30.6 Information 32.4 Construction 36.6 Administrative and Support Services 41.5 Accommodation and Food Services 49.0 Retail Trade 49.3 Healthcare and Social Assistance 54.3 Other Services 55.7

Finance and Insurance in Other Pennsylvania Metros

Gettysburg 29.7 #48/331 Lebanon 34.2 #71/331 Williamsport 40.7 #108/331 York-Hanover 43.6 #132/331 Altoona 44.1 #140/331 Chambersburg 49.2 #165/331 State College 49.5 #171/331 Scranton--Wilkes-Barre 53.3 #203/331 Lancaster 54.3 #212/331 Pittsburgh 54.9 #217/331

+ 3 more metros. View all in Pennsylvania →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Erie's 49.5 score. Useful when comparing markets with comparable entry profiles.

Eau Claire, WI 49.5 #169/331 Stockton-Lodi, CA 49.4 #168/331 State College, PA 49.5 #171/331 Bremerton-Silverdale-Port Orchard, WA 49.4 #167/331 Tallahassee, FL 49.3 #166/331 Chambersburg, PA 49.2 #165/331 Oxnard-Thousand Oaks-Ventura, CA 49.9 #172/331 Sioux City, IA 49.1 #164/331 Great Falls, MT 49.9 #173/331 Youngstown-Warren, OH 48.9 #163/331

Finance and Insurance in States Bordering Pennsylvania

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

West Virginia 39.8 #2/51 Ohio 48.2 #14/51 Maryland 52.6 #30/51 New Jersey 53.2 #32/51 Delaware 57.7 #44/51 New York 65.4 #49/51

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 Erie's finance and insurance sector, the industry concentration component (89.1) 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 Erie, PA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment