NAICS 52

Finance and Insurance in Pittsburgh, PA

Metro Market Score 54.9 (Challenging), ranked #217 of 331 metros. 3,499 establishments, 48,162 jobs.

Metro Market Score 54.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

💰High-Cost Market📈Rapid Growth

Pittsburgh pairs above-average finance and insurance concentration (88.5) with positive employment growth (trend: 96.1). The market is competitive but still expanding, leaving room for well-positioned new entrants.

Industry Concentration

88.5

LQ: 1.07

Rank #293 of 331 metros

Wage Competitiveness

85.8

$117,347 avg wage

Growth Trend

↑ 96.1

Employment growth index

Rank #14 of 331 metros

Wage Pressure

50.6

YoY wage change index

3,499 Finance and Insurance Firms in Pittsburgh

3,499

Establishments

+2.8% YoY

48,162

Total Employment

+10.4% YoY

$117,347

Average Annual Wage

+8.0% YoY

1.07

Location Quotient

Above national avg

Within Pennsylvania

#11 of 14

finance and insurance metros in state

Pennsylvania state rank

#19 of 51

for finance and insurance entry risk

vs State Median

+5.4

worse than median (49.5)

Pittsburgh vs Pennsylvania Statewide

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

Measure	Pittsburgh	PA Statewide
Overall Score	54.9 Challenging	48.8 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#217 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 Pittsburgh

Accommodation and Food Services 41.0 Retail Trade 42.5 Other Services 46.4 Administrative and Support Services 47.0 Healthcare and Social Assistance 47.2 Construction 50.9 Real Estate and Rental and Leasing 59.5 Information 61.7 Professional, Scientific, and Technical Services 71.1

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 Lancaster 54.3 #212/331

+ 3 more metros. View all in Pennsylvania →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Pittsburgh's 54.9 score. Useful when comparing markets with comparable entry profiles.

Wildwood-The Villages, FL 55.0 #218/331 Billings, MT 55.0 #219/331 Flint, MI 55.1 #220/331 San Luis Obispo-Paso Robles, CA 55.3 #221/331 Johnstown, PA 55.3 #222/331 Hagerstown-Martinsburg, MD 54.5 #215/331 Detroit-Warren-Dearborn, MI 54.5 #216/331 North Port-Bradenton-Sarasota, FL 54.4 #214/331 Bozeman, MT 54.4 #213/331 Glens Falls, NY 55.4 #223/331

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 Pittsburgh's finance and insurance sector, the industry concentration component (88.5) 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 Pittsburgh, PA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment