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 Assessment

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

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

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

Data period: 2024. Last updated: April 2026.