NAICS 52

Finance and Insurance in Blacksburg-Christiansburg-Radford, VA

Metro Market Score 27.5 (Favorable), ranked #30 of 331 metros. 194 establishments, 868 jobs.

Metro Market Score 27.5

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

Blacksburg-Christiansburg-Radford has a relatively low concentration of finance and insurance firms (index: 2.7) paired with positive employment growth. This suggests an underpenetrated market where demand may outpace current supply.

Industry Concentration

2.7

LQ: 0.29

Rank #9 of 331 metros

Wage Competitiveness

17.8

$73,362 avg wage

Growth Trend

↑ 61.0

Employment growth index

Rank #130 of 331 metros

Wage Pressure

53.5

YoY wage change index

194 Finance and Insurance Firms in Blacksburg-Christiansburg-Radford

194

Establishments

+1.6% YoY

868

Total Employment

+0.1% YoY

$73,362

Average Annual Wage

+9.1% YoY

0.29

Location Quotient

Below national avg

Within Virginia

#1 of 5

finance and insurance metros in state

Virginia state rank

#26 of 51

for finance and insurance entry risk

vs State Median

-13.6

better than median (41.1)

Blacksburg-Christiansburg-Radford vs Virginia Statewide

How this metro's finance and insurance market compares to Virginia overall. The state ranks #26/51 for entry risk.

Measure	Blacksburg-Christiansburg-Radford	VA Statewide
Overall Score	27.5 Favorable	50.8 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#30 of 331 metros	#26 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 Blacksburg-Christiansburg-Radford

Retail Trade 21.5 Other Services 33.2 Real Estate and Rental and Leasing 38.7

Finance and Insurance in Other Virginia Metros

Staunton-Stuarts Draft 37.1 #83/331 Harrisonburg 41.1 #111/331 Winchester 48.8 #162/331 Charlottesville 57.0 #231/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Blacksburg-Christiansburg-Radford's 27.5 score. Useful when comparing markets with comparable entry profiles.

Goldsboro, NC 27.5 #29/331 Brunswick-St. Simons, GA 27.3 #28/331 Spartanburg, SC 27.9 #31/331 Ocala, FL 27.9 #32/331 Morgantown, WV 28.0 #33/331 Jonesboro, AR 27.0 #27/331 Eagle Pass, TX 28.1 #34/331 McAllen-Edinburg-Mission, TX 26.8 #26/331 Elkhart-Goshen, IN 26.5 #25/331 Laredo, TX 28.6 #35/331

Finance and Insurance in States Bordering Virginia

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

West Virginia 39.8 #2/51 Kentucky 40.0 #3/51 District of Columbia 47.9 #13/51 North Carolina 48.4 #17/51 Maryland 52.6 #30/51 Tennessee 53.4 #33/51

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 Blacksburg-Christiansburg-Radford's finance and insurance sector, the employment growth component (39.0) 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 Blacksburg-Christiansburg-Radford, VA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment