NAICS 52

Finance and Insurance in Utah: 2026 Market Risk Report

Entry risk 51.9 (Elevated), ranked #27 of 51 states. 7,868 establishments, 74,059 jobs.

Entry Risk Assessment

Entry Risk Score 51.9
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

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

📈Growth Opportunity

Despite ranking top 5 in growth momentum, Utah presents structural entry friction. Wage pressure (80.2) and an overall risk score of 51.9 indicate that top-line growth may not translate to favorable unit economics for new establishments.

5-Year Firm Retention
45.1%
Percentile within industry
Rank #29 of 51 states
Growth Momentum
↑ 76.3
Scale of 0-100
Rank #5 of 51 states
Establishment Density
65.3
vs. national average
Rank #41 of 51 states
Market Volatility
8.8
Lower is more stable
Wage Pressure Index
80.2
Labor cost pressure

7,868 Establishments in Utah

7,868
Establishments
+1.0% YoY
74,059
Total Employment
+0.1% YoY
$103,465
Average Annual Wage
+7.0% YoY

Utah vs National Finance and Insurance Average

How Utah's finance and insurance market compares to the national average across all 51 states.

Metric UT National Difference
Entry Risk Score 51.9 51.9 +0.0
5-Year Retention 45.1% 51.0% -5.9
Growth Momentum 76.3 34.4 +41.9
Market Volatility 8.8 9.6 -0.8
Establishment Density 65.3 42.5 +22.8
Wage Pressure 80.2 66.8 +13.4

Green = favorable vs national average. Red = less favorable. Metrics are relative within finance and insurance only.

Utah Ranks #27 of 51 for Finance and Insurance

Utah ranks #27 out of 51 states for finance and insurance market entry conditions.

Finance and Insurance Entry Risk by State

Rank State Risk Score Classification
#1 Hawaii 37.0 moderate
#2 West Virginia 39.8 moderate
#3 Kentucky 40.0 moderate
#4 Rhode Island 41.9 moderate
#5 Maine 42.0 elevated
#27 Utah You 51.9 elevated
Entry Risk by State Alaska — 49.7 · #21 Alabama — 48.4 · #18 Arkansas — 44.7 · #7 Arizona — 52.6 · #29 California — 46.9 · #12 Colorado — 67.3 · #50 Connecticut — 73.7 · #51 District of Columbia — 47.9 · #13 Delaware — 57.7 · #44 Florida — 61.9 · #46 Georgia — 56.4 · #40 Hawaii — 37.0 · #1 Iowa — 54.3 · #35 Idaho — 56.2 · #39 Illinois — 46.2 · #10 Indiana — 45.4 · #9 Kansas — 57.0 · #42 Kentucky — 40.0 · #3 Louisiana — 42.0 · #6 Massachusetts — 48.2 · #15 Maryland — 52.6 · #30 Maine — 42.0 · #5 Michigan — 49.8 · #23 Minnesota — 46.6 · #11 Missouri — 57.7 · #43 Mississippi — 54.5 · #36 Montana — 59.0 · #45 North Carolina — 48.4 · #17 North Dakota — 52.1 · #28 Nebraska — 49.4 · #20 New Hampshire — 49.8 · #22 New Jersey — 53.2 · #32 New Mexico — 53.1 · #31 Nevada — 55.6 · #38 New York — 65.4 · #49 Ohio — 48.2 · #14 Oklahoma — 64.9 · #48 Oregon — 56.7 · #41 Pennsylvania — 48.8 · #19 Rhode Island — 41.9 · #4 South Carolina — 48.4 · #16 South Dakota — 50.1 · #24 Tennessee — 53.4 · #33 Texas — 50.4 · #25 Utah — 51.9 · #27 Virginia — 50.8 · #26 Vermont — 53.6 · #34 Washington — 55.5 · #37 Wisconsin — 45.3 · #8 West Virginia — 39.8 · #2 Wyoming — 62.0 · #47
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Utah stack up against other states for finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

How Utah's finance and insurance market compares to bordering states.

Arizona 52.6 #29/51 New Mexico 53.1 #31/51 Nevada 55.6 #38/51 Idaho 56.2 #39/51 Wyoming 62.0 #47/51 Colorado 67.3 #50/51

Other Industries in Utah

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →