NAICS 52

Finance and Insurance in Salt Lake City-Murray, UT

Metro Market Score 61.8 (Difficult), ranked #256 of 331 metros. 4,466 establishments, 51,404 jobs.

Metro Market Assessment

Metro Market Score 61.8
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

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

🏭Industry Hub💰High-Cost Market

With a 1.55 location quotient, Salt Lake City-Murray has an outsized finance and insurance presence relative to its population. That concentration (index: 97.3) creates a mature local market where supplier networks are established but differentiation matters more.

Industry Concentration
97.3
LQ: 1.55
Rank #322 of 331 metros
Wage Competitiveness
83.1
$111,668 avg wage
Growth Trend
↑ 74.9
Employment growth index
Rank #84 of 331 metros
Wage Pressure
45.8
YoY wage change index

4,466 Finance and Insurance Firms in Salt Lake City-Murray

4,466
Establishments
+1.1% YoY
51,404
Total Employment
+1.4% YoY
$111,668
Average Annual Wage
+6.1% YoY
1.55
Location Quotient
Above national avg

Salt Lake City-Murray vs Utah Statewide

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

Measure Salt Lake City-Murray UT Statewide
Overall Score 61.8 Difficult 51.9 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #256 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 Salt Lake City-Murray

Healthcare and Social Assistance 41.2 Accommodation and Food Services 44.2 Other Services 52.2 Real Estate and Rental and Leasing 56.7 Construction 61.4 Retail Trade 62.5 Information 67.8 Professional, Scientific, and Technical Services 69.4 Administrative and Support Services 72.8

Finance and Insurance in Other Utah Metros

St. George 23.2 #12/331 Logan 41.9 #118/331 Ogden 51.6 #187/331 Provo-Orem-Lehi 69.3 #290/331

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 Salt Lake City-Murray's finance and insurance sector, the industry concentration component (97.3) 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.