NAICS 52

Finance and Insurance in Cleveland, TN

Metro Market Score 32.1 (Favorable), ranked #61 of 331 metros. 173 establishments, 840 jobs.

Metro Market Assessment

Metro Market Score 32.1
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Favorable

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

🌱Emerging Market

Cleveland ranks in the top quartile for finance and insurance market conditions, driven by above-average employment growth. With a market score of 32.1, conditions are relatively favorable compared to most metros.

Industry Concentration
25.1
LQ: 0.48
Rank #83 of 331 metros
Wage Competitiveness
18.1
$73,511 avg wage
Growth Trend
↑ 67.1
Employment growth index
Rank #110 of 331 metros
Wage Pressure
57.3
YoY wage change index

173 Finance and Insurance Firms in Cleveland

173
Establishments
+4.2% YoY
840
Total Employment
+0.7% YoY
$73,511
Average Annual Wage
+10.6% YoY
0.48
Location Quotient
Below national avg

Cleveland vs Tennessee Statewide

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

Measure Cleveland TN Statewide
Overall Score 32.1 Favorable 53.4 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #61 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 Cleveland

Real Estate and Rental and Leasing 15.9 Information 20.5 Accommodation and Food Services 45.0 Retail Trade 47.2 Professional, Scientific, and Technical Services 47.7 Other Services 52.3 Construction 57.5 Administrative and Support Services 60.4

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 Chattanooga 53.3 #201/331 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 Cleveland's finance and insurance sector, the wage pressure component (57.3) 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.