NAICS 52

Finance and Insurance in Provo-Orem-Lehi, UT

Metro Market Score 69.3 (Difficult), ranked #290 of 331 metros. 1,130 establishments, 8,605 jobs.

Metro Market Assessment

Metro Market Score 69.3
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

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

Provo-Orem-Lehi's finance and insurance sector saw employment decline over the past year (growth trend: 5.4). That contraction, combined with a 69.3 market score, puts this metro in the bottom quartile for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration
65.9
LQ: 0.71
Rank #218 of 331 metros
Wage Competitiveness
56.8
$91,370 avg wage
Growth Trend
↓ 5.4
Employment growth index
Rank #314 of 331 metros
Wage Pressure
51.2
YoY wage change index

1,130 Finance and Insurance Firms in Provo-Orem-Lehi

1,130
Establishments
+1.1% YoY
8,605
Total Employment
-9.2% YoY
$91,370
Average Annual Wage
+8.2% YoY
0.71
Location Quotient
Below national avg

Provo-Orem-Lehi vs Utah Statewide

How this metro's finance and insurance market compares to Utah overall. The state ranks #27/51 for entry risk.

Measure Provo-Orem-Lehi UT Statewide
Overall Score 69.3 Difficult 51.9 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #290 of 331 metros #27 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 Provo-Orem-Lehi

Other Services 32.7 Accommodation and Food Services 34.4 Real Estate and Rental and Leasing 52.1 Construction 55.1 Information 59.7 Retail Trade 69.3 Professional, Scientific, and Technical Services 74.0

Finance and Insurance in Other Utah Metros

St. George 23.2 #12/331 Logan 41.9 #118/331 Ogden 51.6 #187/331 Salt Lake City-Murray 61.8 #256/331

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 Provo-Orem-Lehi's finance and insurance sector, the employment growth component (94.6) 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

Data period: 2024. Last updated: April 2026.