NAICS 52

Finance and Insurance in Myrtle Beach-Conway-North Myrtle Beach, SC

Metro Market Score 57.8 (Challenging), ranked #234 of 331 metros. 680 establishments, 3,375 jobs.

Metro Market Score 57.8

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 employment in Myrtle Beach-Conway-North Myrtle Beach contracted year-over-year, placing the growth trend in the lower half at 3.9. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration

46.5

LQ: 0.58

Rank #154 of 331 metros

Wage Competitiveness

42.3

$85,346 avg wage

Growth Trend

↓ 3.9

Employment growth index

Rank #319 of 331 metros

Wage Pressure

33.9

YoY wage change index

680 Finance and Insurance Firms in Myrtle Beach-Conway-North Myrtle Beach

680

Establishments

-17.2% YoY

3,375

Total Employment

-14.4% YoY

$85,346

Average Annual Wage

+1.5% YoY

0.58

Location Quotient

Below national avg

Within South Carolina

#6 of 7

finance and insurance metros in state

South Carolina state rank

#16 of 51

for finance and insurance entry risk

vs State Median

+6.9

worse than median (51.0)

Myrtle Beach-Conway-North Myrtle Beach vs South Carolina Statewide

How this metro's finance and insurance market compares to South Carolina overall. The state ranks #16/51 for entry risk.

Measure	Myrtle Beach-Conway-North Myrtle Beach	SC Statewide
Overall Score	57.8 Challenging	48.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#234 of 331 metros	#16 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 Myrtle Beach-Conway-North Myrtle Beach

Other Services 50.7 Professional, Scientific, and Technical Services 54.0 Healthcare and Social Assistance 56.1 Construction 60.0 Real Estate and Rental and Leasing 64.2 Information 64.8 Administrative and Support Services 72.8 Retail Trade 77.7 Accommodation and Food Services 86.3

Finance and Insurance in Other South Carolina Metros

Spartanburg 27.9 #31/331 Sumter 33.3 #65/331 Florence 47.3 #154/331 Greenville-Anderson-Greer 51.0 #181/331 Hilton Head Island-Bluffton-Port Royal 53.4 #204/331 Charleston-North Charleston 70.0 #295/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Myrtle Beach-Conway-North Myrtle Beach's 57.8 score. Useful when comparing markets with comparable entry profiles.

Utica-Rome, NY 57.9 #235/331 Pensacola-Ferry Pass-Brent, FL 57.9 #236/331 Austin-Round Rock-San Marcos, TX 58.0 #237/331 Traverse City, MI 57.3 #233/331 Bismarck, ND 57.3 #232/331 Charlottesville, VA 57.0 #231/331 Gainesville, GA 56.9 #230/331 Springfield, OH 56.8 #229/331 Springfield, MO 58.8 #238/331 St. Cloud, MN 58.9 #239/331

Finance and Insurance in States Bordering South Carolina

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

North Carolina 48.4 #17/51 Georgia 56.4 #40/51

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 Myrtle Beach-Conway-North Myrtle Beach's finance and insurance sector, the employment growth component (96.1) 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 Myrtle Beach-Conway-North Myrtle Beach, SC MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment