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 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

Within Virginia

#4 of 5

finance and insurance metros in state

Virginia state rank

#26 of 51

for finance and insurance entry risk

vs State Median

+7.6

worse than median (41.1)

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

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Winchester's 48.8 score. Useful when comparing markets with comparable entry profiles.

Dayton-Kettering-Beavercreek, OH 48.7 #161/331 Elizabethtown, KY 48.6 #160/331 Youngstown-Warren, OH 48.9 #163/331 Dothan, AL 48.5 #159/331 Sioux City, IA 49.1 #164/331 Chambersburg, PA 49.2 #165/331 Tallahassee, FL 49.3 #166/331 Bremerton-Silverdale-Port Orchard, WA 49.4 #167/331 Stockton-Lodi, CA 49.4 #168/331 Eau Claire, WI 49.5 #169/331

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 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

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Winchester, VA-WV MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment