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 Assessment

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

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

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

Data period: 2024. Last updated: April 2026.