NAICS 52

Finance and Insurance in Morristown, TN

Metro Market Score 20.1 (Favorable), ranked #9 of 331 metros. 163 establishments, 646 jobs.

Metro Market Score 20.1

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

✓Favorable Market🌱Emerging Market

Morristown ranks in the top 10% for finance and insurance market conditions, driven by above-average employment growth. With a market score of 20.1, conditions are relatively favorable compared to most metros.

Industry Concentration

5.1

LQ: 0.33

Rank #17 of 331 metros

Wage Competitiveness

3.0

$62,524 avg wage

Growth Trend

↑ 65.6

Employment growth index

Rank #115 of 331 metros

Wage Pressure

38.8

YoY wage change index

163 Finance and Insurance Firms in Morristown

163

Establishments

+0.0% YoY

646

Total Employment

+0.5% YoY

$62,524

Average Annual Wage

+3.4% YoY

0.33

Location Quotient

Below national avg

Within Tennessee

#2 of 8

finance and insurance metros in state

Tennessee state rank

#33 of 51

for finance and insurance entry risk

vs State Median

-12.0

better than median (32.1)

Morristown vs Tennessee Statewide

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

Measure	Morristown	TN Statewide
Overall Score	20.1 Favorable	53.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#9 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 Morristown

Professional, Scientific, and Technical Services 9.2 Other Services 29.2 Information 36.9 Real Estate and Rental and Leasing 44.1 Retail Trade 58.4 Accommodation and Food Services 58.6 Administrative and Support Services 66.4

Finance and Insurance in Other Tennessee Metros

Jackson 16.9 #1/331 Clarksville 23.7 #14/331 Kingsport-Bristol 30.0 #50/331 Cleveland 32.1 #61/331 Chattanooga 53.3 #201/331 Knoxville 54.1 #209/331 Johnson City 67.8 #282/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Morristown's 20.1 score. Useful when comparing markets with comparable entry profiles.

Warner Robins, GA 20.8 #10/331 Muskegon-Norton Shores, MI 19.4 #8/331 Sierra Vista-Douglas, AZ 19.4 #7/331 Auburn-Opelika, AL 19.0 #6/331 Bakersfield-Delano, CA 19.0 #5/331 Lake Havasu City-Kingman, AZ 18.6 #4/331 Joplin, MO 17.5 #3/331 Odessa, TX 22.9 #11/331 Monroe, MI 17.3 #2/331 St. George, UT 23.2 #12/331

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 Morristown's finance and insurance sector, the employment growth component (34.4) 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 Morristown, TN MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment