NAICS 52
Finance and Insurance in Charlottesville, VA
Metro Market Score 57.0 (Challenging), ranked #231 of 331 metros. 394 establishments, 2,672 jobs.
Metro Market Assessment
Metro Market Score 57.0
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging
Lower is better. Relative to national finance and insurance average.
High-Cost Market
Market conditions for finance and insurance in Charlottesville are tougher than average. The 57.0 market score reflects a combination of high labor costs, mixed growth signals, and moderate competition. Rank: #231 of 331 metros.
Industry Concentration
44.7
LQ: 0.58
Rank #148 of 331 metros
Wage Competitiveness
94.3
$143,406 avg wage
Growth Trend
↑ 61.3
Employment growth index
Rank #129 of 331 metros
Wage Pressure
53.5
YoY wage change index
394 Finance and Insurance Firms in Charlottesville
394
Establishments
-1.7% YoY
2,672
Total Employment
+0.1% YoY
$143,406
Average Annual Wage
+9.1% YoY
0.58
Location Quotient
Below national avg
Charlottesville vs Virginia Statewide
How this metro's finance and insurance market compares to Virginia overall. The state ranks #26/51 for entry risk.
| Measure | Charlottesville | VA Statewide |
|---|---|---|
| Overall Score | 57.0 Challenging | 50.8 Elevated |
| Score Type | Metro Market Score | Entry Risk Score |
| Rank | #231 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 Charlottesville
Finance and Insurance in Other Virginia Metros
Data Sources
- Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Charlottesville, VA MSA area.
Data period: 2024. Last updated: April 2026.