NAICS 52

Finance and Insurance in Chattanooga, TN

Metro Market Score 53.3 (Challenging), ranked #201 of 331 metros. 1,016 establishments, 14,152 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.

📈Rapid Growth

Despite a mature finance and insurance presence (concentration: 93.7), Chattanooga is still adding jobs in this sector. Growth trend sits at 86.1, and the overall 53.3 market score lands in the lower half. Established markets with growth are worth a closer look.

Industry Concentration

93.7

LQ: 1.30

Rank #310 of 331 metros

Wage Competitiveness

69.8

$97,881 avg wage

Growth Trend

↑ 86.1

Employment growth index

Rank #47 of 331 metros

Wage Pressure

41.1

YoY wage change index

1,016 Finance and Insurance Firms in Chattanooga

1,016

Establishments

+3.7% YoY

14,152

Total Employment

+3.2% YoY

$97,881

Average Annual Wage

+4.3% YoY

1.30

Location Quotient

Above national avg

Within Tennessee

#6 of 8

finance and insurance metros in state

Tennessee state rank

#33 of 51

for finance and insurance entry risk

vs State Median

+21.1

worse than median (32.1)

Chattanooga vs Tennessee Statewide

How this metro's finance and insurance market compares to Tennessee overall. The state ranks #33/51 for entry risk.

Measure	Chattanooga	TN Statewide
Overall Score	53.3 Challenging	53.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#201 of 331 metros	#33 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 Chattanooga

Retail Trade 38.0 Real Estate and Rental and Leasing 41.4 Information 51.3 Other Services 61.3

Finance and Insurance in Other Tennessee Metros

Jackson 16.9 #1/331 Morristown 20.1 #9/331 Clarksville 23.7 #14/331 Kingsport-Bristol 30.0 #50/331 Cleveland 32.1 #61/331 Knoxville 54.1 #209/331 Johnson City 67.8 #282/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Chattanooga's 53.3 score. Useful when comparing markets with comparable entry profiles.

Saginaw, MI 53.3 #200/331 Panama City-Panama City Beach, FL 53.2 #199/331 Slidell-Mandeville-Covington, LA 53.3 #202/331 Scranton--Wilkes-Barre, PA 53.3 #203/331 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 Tennessee

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

Kentucky 40.0 #3/51 Arkansas 44.7 #7/51 North Carolina 48.4 #17/51 Alabama 48.4 #18/51 Virginia 50.8 #26/51 Mississippi 54.5 #36/51 Georgia 56.4 #40/51 Missouri 57.7 #43/51

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 Chattanooga's finance and insurance sector, the industry concentration component (93.7) 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 Chattanooga, TN-GA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment