NAICS 52

Finance and Insurance in Odessa, TX

Metro Market Score 22.9 (Favorable), ranked #11 of 331 metros. 196 establishments, 1,285 jobs.

Metro Market Score 22.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

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

✓Favorable Market

Labor costs are a clear advantage in Odessa's finance and insurance sector. The wage competitiveness index of 7.8 puts it among the lowest-cost metros, and wage pressure at 0.0 suggests that gap is holding steady.

Industry Concentration

13.6

LQ: 0.40

Rank #45 of 331 metros

Wage Competitiveness

7.8

$68,121 avg wage

Growth Trend

↓ 41.4

Employment growth index

Rank #195 of 331 metros

Wage Pressure

0.0

YoY wage change index

196 Finance and Insurance Firms in Odessa

196

Establishments

-3.4% YoY

1,285

Total Employment

-1.6% YoY

$68,121

Average Annual Wage

-11.7% YoY

0.40

Location Quotient

Below national avg

Within Texas

#1 of 20

finance and insurance metros in state

Texas state rank

#25 of 51

for finance and insurance entry risk

vs State Median

-16.3

better than median (39.2)

Odessa vs Texas Statewide

How this metro's finance and insurance market compares to Texas overall. The state ranks #25/51 for entry risk.

Measure	Odessa	TX Statewide
Overall Score	22.9 Favorable	50.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#11 of 331 metros	#25 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 Odessa

Information 17.1 Healthcare and Social Assistance 35.0 Professional, Scientific, and Technical Services 35.7 Retail Trade 49.8 Administrative and Support Services 52.4 Accommodation and Food Services 54.6 Construction 57.5 Other Services 64.9 Real Estate and Rental and Leasing 75.9

Finance and Insurance in Other Texas Metros

Brownsville-Harlingen 23.3 #13/331 McAllen-Edinburg-Mission 26.8 #26/331 Eagle Pass 28.1 #34/331 Laredo 28.6 #35/331 Longview 29.9 #49/331 Victoria 30.9 #54/331 Beaumont-Port Arthur 36.1 #78/331 College Station-Bryan 37.7 #86/331 Corpus Christi 38.5 #93/331 Sherman-Denison 39.2 #100/331

+ 9 more metros. View all in Texas →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Odessa's 22.9 score. Useful when comparing markets with comparable entry profiles.

St. George, UT 23.2 #12/331 Brownsville-Harlingen, TX 23.3 #13/331 Clarksville, TN 23.7 #14/331 Gulfport-Biloxi, MS 23.9 #15/331 Ames, IA 24.0 #16/331 Jacksonville, NC 24.0 #17/331 Battle Creek, MI 24.2 #18/331 Beckley, WV 24.2 #19/331 Warner Robins, GA 20.8 #10/331 Muncie, IN 25.1 #20/331

Finance and Insurance in States Bordering Texas

State-level entry risk for finance and insurance in adjacent states. Use this to weigh cross-border options.

Louisiana 42.0 #6/51 Arkansas 44.7 #7/51 New Mexico 53.1 #31/51 Oklahoma 64.9 #48/51

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 Odessa's finance and insurance sector, the employment growth component (58.6) 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 Odessa, TX MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment