NAICS 52

Finance and Insurance in Beckley, WV

Metro Market Score 24.2 (Favorable), ranked #19 of 331 metros. 171 establishments, 1,090 jobs.

Metro Market Assessment

Metro Market Score 24.2
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Favorable

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

📈Rapid Growth✓Favorable Market

Employment in Beckley's finance and insurance sector grew faster than most metros last year, pushing its growth trend index to 92.8. Combined with a 24.2 market score, this metro sits in the top 10% for overall conditions.

Industry Concentration
52.9
LQ: 0.63
Rank #175 of 331 metros
Wage Competitiveness
0.9
$56,373 avg wage
Growth Trend
↑ 92.8
Employment growth index
Rank #25 of 331 metros
Wage Pressure
42.9
YoY wage change index

171 Finance and Insurance Firms in Beckley

171
Establishments
+7.5% YoY
1,090
Total Employment
+7.2% YoY
$56,373
Average Annual Wage
+5.0% YoY
0.63
Location Quotient
Below national avg

Beckley vs West Virginia Statewide

How this metro's finance and insurance market compares to West Virginia overall. The state ranks #2/51 for entry risk.

Measure Beckley WV Statewide
Overall Score 24.2 Favorable 39.8 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #19 of 331 metros #2 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 Beckley

Construction 11.7 Professional, Scientific, and Technical Services 16.4 Real Estate and Rental and Leasing 27.9 Information 39.6 Accommodation and Food Services 44.4 Administrative and Support Services 46.4 Retail Trade 54.2 Healthcare and Social Assistance 55.8 Other Services 56.4

Finance and Insurance in Other West Virginia Metros

Morgantown 28.0 #33/331 Huntington-Ashland 28.8 #39/331 Weirton-Steubenville 40.8 #109/331 Wheeling 55.5 #224/331

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 Beckley's finance and insurance sector, the industry concentration component (52.9) 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.