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 Assessment

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

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

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

Data period: 2024. Last updated: April 2026.