NAICS 52

Finance and Insurance in Winchester, VA

Metro Market Score 48.8 (Challenging), ranked #162 of 331 metros. 182 establishments, 3,635 jobs.

Metro Market Assessment

Metro Market Score 48.8
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

📈Rapid Growth

Winchester ranks in the upper half for finance and insurance market conditions, driven by above-average employment growth. With a market score of 48.8, conditions are relatively favorable compared to most metros.

Industry Concentration
94.3
LQ: 1.31
Rank #312 of 331 metros
Wage Competitiveness
39.0
$84,208 avg wage
Growth Trend
↑ 81.3
Employment growth index
Rank #63 of 331 metros
Wage Pressure
49.1
YoY wage change index

182 Finance and Insurance Firms in Winchester

182
Establishments
+0.6% YoY
3,635
Total Employment
+2.0% YoY
$84,208
Average Annual Wage
+7.4% YoY
1.31
Location Quotient
Above national avg

Winchester vs Virginia Statewide

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

Measure Winchester VA Statewide
Overall Score 48.8 Challenging 50.8 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #162 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 Winchester

Real Estate and Rental and Leasing 28.5 Information 47.6 Other Services 48.4 Retail Trade 52.4

Finance and Insurance in Other Virginia Metros

Blacksburg-Christiansburg-Radford 27.5 #30/331 Staunton-Stuarts Draft 37.1 #83/331 Harrisonburg 41.1 #111/331 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 Winchester's finance and insurance sector, the industry concentration component (94.3) 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.