NAICS 52

Finance and Insurance in Spokane-Spokane Valley, WA

Metro Market Score 74.8 (Difficult), ranked #316 of 331 metros. 841 establishments, 9,287 jobs.

Metro Market Assessment

Metro Market Score 74.8
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

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

💰High-Cost Market

Finance and Insurance employment in Spokane-Spokane Valley contracted year-over-year, placing the growth trend in the bottom 10% at 10.3. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration
80.1
LQ: 0.90
Rank #265 of 331 metros
Wage Competitiveness
79.8
$107,387 avg wage
Growth Trend
↓ 10.3
Employment growth index
Rank #298 of 331 metros
Wage Pressure
39.9
YoY wage change index

841 Finance and Insurance Firms in Spokane-Spokane Valley

841
Establishments
+0.5% YoY
9,287
Total Employment
-6.5% YoY
$107,387
Average Annual Wage
+3.8% YoY
0.90
Location Quotient
Below national avg

Spokane-Spokane Valley vs Washington Statewide

How this metro's finance and insurance market compares to Washington overall. The state ranks #37/51 for entry risk.

Measure Spokane-Spokane Valley WA Statewide
Overall Score 74.8 Difficult 55.5 High
Score Type Metro Market Score Entry Risk Score
Rank #316 of 331 metros #37 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 Spokane-Spokane Valley

Administrative and Support Services 53.5 Other Services 53.5 Real Estate and Rental and Leasing 56.4 Information 58.7 Construction 60.9 Accommodation and Food Services 68.4 Healthcare and Social Assistance 68.7 Retail Trade 69.7

Finance and Insurance in Other Washington Metros

Longview-Kelso 31.9 #58/331 Wenatchee-East Wenatchee 33.3 #66/331 Mount Vernon-Anacortes 36.7 #80/331 Yakima 38.7 #95/331 Walla Walla 45.0 #148/331 Olympia-Lacey-Tumwater 47.4 #155/331 Bremerton-Silverdale-Port Orchard 49.4 #167/331 Kennewick-Richland 51.6 #185/331 Bellingham 61.5 #255/331 Seattle-Tacoma-Bellevue 69.0 #288/331

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 Spokane-Spokane Valley's finance and insurance sector, the employment growth component (89.7) 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.