NAICS 52

Finance and Insurance in Scranton--Wilkes-Barre, PA

Metro Market Score 53.3 (Challenging), ranked #203 of 331 metros. 682 establishments, 7,281 jobs.

Metro Market Score 53.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

Finance and Insurance conditions in Scranton--Wilkes-Barre are mixed. The 53.3 market score puts it at #203 of 331, with no metric pulling sharply in either direction. Wages, growth, and competition are all within a normal range for this industry.

Industry Concentration

66.2

LQ: 0.71

Rank #219 of 331 metros

Wage Competitiveness

37.8

$83,549 avg wage

Growth Trend

↓ 36.6

Employment growth index

Rank #211 of 331 metros

Wage Pressure

41.4

YoY wage change index

682 Finance and Insurance Firms in Scranton--Wilkes-Barre

682

Establishments

+0.3% YoY

7,281

Total Employment

-2.2% YoY

$83,549

Average Annual Wage

+4.4% YoY

0.71

Location Quotient

Below national avg

Within Pennsylvania

#9 of 14

finance and insurance metros in state

Pennsylvania state rank

#19 of 51

for finance and insurance entry risk

vs State Median

+3.8

worse than median (49.5)

Scranton--Wilkes-Barre vs Pennsylvania Statewide

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

Measure	Scranton--Wilkes-Barre	PA Statewide
Overall Score	53.3 Challenging	48.8 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#203 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 Scranton--Wilkes-Barre

Real Estate and Rental and Leasing 18.4 Accommodation and Food Services 38.8 Administrative and Support Services 39.1 Other Services 40.2 Information 41.8 Construction 43.2 Healthcare and Social Assistance 45.7 Retail Trade 46.5

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 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 Scranton--Wilkes-Barre's 53.3 score. Useful when comparing markets with comparable entry profiles.

Slidell-Mandeville-Covington, LA 53.3 #202/331 Chattanooga, TN 53.3 #201/331 Saginaw, MI 53.3 #200/331 Panama City-Panama City Beach, FL 53.2 #199/331 Hilton Head Island-Bluffton-Port Royal, SC 53.4 #204/331 Rockford, IL 53.0 #198/331 Hot Springs, AR 53.0 #197/331 Oshkosh-Neenah, WI 53.0 #196/331 Grand Junction, CO 53.6 #205/331 Shreveport-Bossier City, LA 53.7 #206/331

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 Scranton--Wilkes-Barre's finance and insurance sector, the employment growth component (63.4) 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 Scranton--Wilkes-Barre, PA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment