NAICS 52
Finance and Insurance in Knoxville, TN
Metro Market Score 54.1 (Challenging), ranked #209 of 331 metros. 1,639 establishments, 14,477 jobs.
Metro Market Assessment
Metro Market Score 54.1
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging
Lower is better. Relative to national finance and insurance average.
Knoxville pairs above-average finance and insurance concentration (76.7) with positive employment growth (trend: 57.4). The market is competitive but still expanding, leaving room for well-positioned new entrants.
Industry Concentration
76.7
LQ: 0.85
Rank #254 of 331 metros
Wage Competitiveness
64.3
$94,998 avg wage
Growth Trend
↑ 57.4
Employment growth index
Rank #142 of 331 metros
Wage Pressure
30.1
YoY wage change index
1,639 Finance and Insurance Firms in Knoxville
1,639
Establishments
+4.7% YoY
14,477
Total Employment
+0.0% YoY
$94,998
Average Annual Wage
+0.0% YoY
0.85
Location Quotient
Below national avg
Knoxville vs Tennessee Statewide
How this metro's finance and insurance market compares to Tennessee overall. The state ranks #33/51 for entry risk.
| Measure | Knoxville | TN Statewide |
|---|---|---|
| Overall Score | 54.1 Challenging | 53.4 Elevated |
| Score Type | Metro Market Score | Entry Risk Score |
| Rank | #209 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 Knoxville
Finance and Insurance in Other Tennessee Metros
Data Sources
- Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Knoxville, TN MSA area.
Data period: 2024. Last updated: April 2026.