NAICS 52

Finance and Insurance in Lancaster, PA

Metro Market Score 54.3 (Challenging), ranked #212 of 331 metros. 820 establishments, 6,596 jobs.

Metro Market Score 54.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

Despite a mature finance and insurance presence (concentration: 56.2), Lancaster is still adding jobs in this sector. Growth trend sits at 53.2, and the overall 54.3 market score lands in the lower half. Established markets with growth are worth a closer look.

Industry Concentration

56.2

LQ: 0.64

Rank #186 of 331 metros

Wage Competitiveness

73.4

$102,466 avg wage

Growth Trend

53.2

Employment growth index

Rank #156 of 331 metros

Wage Pressure

39.3

YoY wage change index

820 Finance and Insurance Firms in Lancaster

820

Establishments

+2.2% YoY

6,596

Total Employment

-0.1% YoY

$102,466

Average Annual Wage

+3.6% YoY

0.64

Location Quotient

Below national avg

Within Pennsylvania

#10 of 14

finance and insurance metros in state

Pennsylvania state rank

#19 of 51

for finance and insurance entry risk

vs State Median

+4.8

worse than median (49.5)

Lancaster vs Pennsylvania Statewide

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

Measure	Lancaster	PA Statewide
Overall Score	54.3 Challenging	48.8 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#212 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 Lancaster

Administrative and Support Services 29.3 Real Estate and Rental and Leasing 35.8 Professional, Scientific, and Technical Services 43.1 Accommodation and Food Services 43.4 Information 45.4 Healthcare and Social Assistance 50.7 Other Services 52.9 Construction 59.0 Retail Trade 59.6

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 Erie 49.5 #170/331 State College 49.5 #171/331 Scranton--Wilkes-Barre 53.3 #203/331 Pittsburgh 54.9 #217/331

+ 3 more metros. View all in Pennsylvania →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Lancaster's 54.3 score. Useful when comparing markets with comparable entry profiles.

Bozeman, MT 54.4 #213/331 North Port-Bradenton-Sarasota, FL 54.4 #214/331 San Jose-Sunnyvale-Santa Clara, CA 54.3 #211/331 Hagerstown-Martinsburg, MD 54.5 #215/331 Detroit-Warren-Dearborn, MI 54.5 #216/331 Champaign-Urbana, IL 54.1 #210/331 Knoxville, TN 54.1 #209/331 Waterbury-Shelton, CT 54.0 #208/331 Fort Collins-Loveland, CO 53.9 #207/331 Pittsburgh, PA 54.9 #217/331

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 Lancaster's finance and insurance sector, the wage competitiveness component (73.4) 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 Lancaster, PA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment